TD Cowen Remains Bullish on Gilead Sciences (GILD)

Gilead Sciences, Inc. (NASDAQ:GILD) is one of the most profitable biotech stocks to invest in now. TD Cowen analyst Tyler Van Buren maintained a Buy rating on Gilead Sciences, Inc. (NASDAQ:GILD) on July 23, setting a price target of $110.00.

Why Gilead Sciences (GILD) Appeals to Income Investors in the Pharma Sector

A physician and a patient having a discussion in a hospital about biopharmaceutical medicines.

Buren based the optimistic rating on the company’s market position and financial projections, increasing the estimates for its HIV franchise and Veklury due to potential growth and solid performance in these domains.

While the analyst acknowledged the drop in projections for the total liver and cell therapy franchises, he reiterated a positive overall outlook for Gilead Sciences, Inc. (NASDAQ:GILD) due to the solid performance in other segments.

Gilead Sciences, Inc. (NASDAQ:GILD) is a biotech company that advances medicines to prevent and treat serious diseases such as cancer, immunodeficiency virus (HIV), viral hepatitis, and COVID-19.

Its portfolio of drugs focuses on medical areas with unmet needs and includes AmBisome, Atripla, Biktarvy, Cayston, Complera, and others. Gilead Sciences, Inc. (NASDAQ:GILD) operates in over 35 countries.

While we acknowledge the potential of GILD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GILD and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.