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Wall Street Remains Bullish on Olema Pharmaceuticals Inc. (OLMA)

Olema Pharmaceuticals, Inc. (NASDAQ:OLMA) is among the 14 best booming stocks to buy right now. On January 7, UBS initiated coverage of the stock with a Buy rating and set a $45 price target.

The update comes as part of the firm’s assumption of coverage on 22 biotech firms that have a market capitalization between $300 million and $10 billion. According to UBS, fundamentals for companies in the sector were beginning to shift after a challenging period. The analyst believes this will revive investor confidence, positioning these companies for a strong performance in 2026.

On the same day, Piper Sandler also began coverage of the stock with an Overweight rating and announced a share price target of $40. The research firm noted the potential for the company’s Palazestrant drug to become a significant endocrine treatment in the breast cancer market, which could help drive a major upside for the company.

In October last year, Olema Pharmaceuticals, Inc. (NASDAQ:OLMA) reported encouraging clinical data for the oral medication when combined with Ribociclib, with the results demonstrating promising progression-free survival and tolerability profile.

Analysts have a consensus Strong Buy rating on the stock and anticipate the share price to appreciate about 46% over the next 12 months as of January 12, reflecting Wall Street’s bullish sentiment toward the biopharmaceutical company.

Olema Pharmaceuticals, Inc. (NASDAQ:OLMA) is focused on the development of treatments for patients with breast cancer and other serious diseases. The stock has had impressive returns over the past three months, gaining 173% over the period.

While we acknowledge the risk and potential of OLMA 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 OLMA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 14 Best S&P 500 Stocks to Buy Now and 11 Most Oversold S&P 500 Stocks Heading into 2026

Disclosure: None.

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