What Does Wall Street Think About Beam Therapeutics (BEAM)?

Beam Therapeutics Inc. (NASDAQ:BEAM) is one of the best biotech stocks with high potential. H.C. Wainwright analyst Patrick Trucchio reiterated a Buy rating on Beam Therapeutics Inc. (NASDAQ:BEAM) on September 15, retaining the price target of $80.

Is Beam Therapeutics Inc. (BEAM) the Best Gene-Editing Stock to Buy?

The analyst supported the optimistic rating with the company’s strong momentum in its in vivo and ex vivo base editing programs.

Similarly, in a report released on September 10, Kostas Biliouris from BMO Capital also maintained a Buy rating on Beam Therapeutics Inc. (NASDAQ:BEAM) and set a price target of $40.00.

Biliouris supported the optimistic rating with the company’s technological advancements and strong position in the AATD market, adding that management’s confidence in the competitive positioning of BEAM-302 is a crucial reason for the bullish stance.

Beam Therapeutics Inc. (NASDAQ:BEAM) is a biotechnology company that develops precision genetic medicines through base editing, a technology that allows efficient and predictable single-base changes at targeted genomic sequences. The company’s lead programs focus on sickle cell disease and alpha-1 antitrypsin deficiency.

Beam Therapeutics Inc. (NASDAQ:BEAM) is advancing programs in other genetic diseases as well, along with oncology and immunology.

While we acknowledge the potential of BEAM 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 BEAM 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.