#4 - Vertex Pharmaceuticals (NASDAQ:VRTX)
If you’re looking for a less speculative choice in healthcare stocks, you can consider Vertex Pharmaceuticals (NASDAQ:VRTX). Vertex is a profitable company that is the market leader in drugs used to treat the underlying causes of Cystic Fibrosis (CF).
Vertex is also partnering with Crispr Technologies to become a player in the gene-editing field. Like Editas, Vertex is working on a treatment for sickle cell disease.
VRTX stock is down nearly 7% in 2021, but has only gone into the red after what some analysts felt was a disappointing earnings report on the bottom line. However, the company’s results on the top and bottom lines were significantly higher on a year-over-year (YOY) basis.
At one point in 2020, VRTX stock was trading near $300 per share. While that may have too extreme on the high end, the current selloff looks a bit unwarranted. Vertex should have no problem delivering revenue and profits for the remainder of the year. And if the company sees movement in the rest of its pipeline, the gain may be significant.
About Vertex Pharmaceuticals
Vertex Pharmaceuticals Incorporated, a biotechnology company, engages in developing and commercializing therapies for treating cystic fibrosis (CF). It markets TRIKAFTA/KAFTRIO for people with CF with at least one F508del mutation for 2 years of age or older; SYMDEKO/SYMKEVI for people with CF for 6 years of age or older; ORKAMBI for CF patients 1 year or older; and KALYDECO for the treatment of patients with 1 year or older who have CF with ivacaftor.
More- Current Price
- $487.61
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 9 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $502.58 (3.1% Upside)
