Viatris (VTRS) Jumps 10% on Reaffirmed Growth Targets

We recently published 10 Stocks on a Hot Streak. Viatris Inc. (NASDAQ:VTRS) is one of the best-performing stocks on Tuesday.

Viatris rallied for a third day on Tuesday, jumping 10.13 percent to close at $11.20 apiece after reaffirming its growth targets at the recently concluded UBS Healthcare Conference.

According to the company, it targets to return this year worth $1 billion of capital to shareholders by way of dividend distribution and share repurchases.

Year-to-date, Viatris Inc. (NASDAQ:VTRS) has successfully returned more than $920 million of capital to shareholders, which included $500 million in share repurchases.

Viatris (VTRS) Jumps 10% on Reaffirmed Growth Targets

Earlier this month, Viatris Inc. (NASDAQ:VTRS) provided its revenue growth guidance for full-year 2025, raising it to a range of $13.9 billion to $14.3 billion from the $13.5 billion to $14 billion previously.

Adjusted EBITDA was also upgraded to a range of $4 billion to $4.2 billion, from $3.89 billion to $4.19 billion earlier.

In the third quarter of the year, Viatris Inc. (NASDAQ:VTRS) swung to a net loss of $128.2 million from a $94.8 million net income in the same period last year. Revenues were flat at $3.7 billion.

While we acknowledge the risk and potential of VTRS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VTRS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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