Wedbush Maintains a Buy on MannKind Corporation (MNKD)

MannKind Corporation (NASDAQ:MNKD) is one of the best strong buy penny stocks to buy now. In a report released on July 29, Yun Zhong from Wedbush maintained a Buy rating on MannKind Corporation (NASDAQ:MNKD) with a price target of $11.00.

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A close-up of a doctor’s hand pressing on an inhaler, conveying the effect of the company’s therapeutic products.

The analyst told investors that MannKind Corporation’s (NASDAQ:MNKD) partner, United Therapeutics, has exhibited solid performance with its product Tyvaso DPI, supported by a competitive market edge and notable revenue growth.

Zhong attributed this growth to strategic pricing and a rise in patient numbers, factors that point to a strong demand for the product.

The analyst added that MannKind Corporation’s (NASDAQ:MNKD) own pipeline also presents significant expansion opportunities, especially the MNKD-201 program for idiopathic pulmonary fibrosis (IPF).

MannKind Corporation (NASDAQ:MNKD) is a biopharmaceutical company that develops and commercializes innovative therapeutic devices and products that address serious unmet medical needs for endocrine and orphan lung diseases.

The company’s pipeline and products include Afrezza, Pediatric Afrezza, V-Go, Tyvaso DPI, MNKD-101, MNKD-201, MNKD-301, and MNKD-501.

While we acknowledge the potential of MNKD 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 MNKD 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.