Is Viking Therapeutics Stock a Buy?
Investing in clinical-stage pharmaceutical companies comes with a lot of risk, but also a lot of potential upside. When such a company delivers a successful product that passes regulatory muster -- or better yet, one that becomes a blockbuster drug -- that can be a game changer, and lead to a soaring share price.
But on the flip side, these types of companies generate little to no income until (and unless) they get a drug approved, and they burn lots of cash in the attempt.
Investors have been bullish about Viking Therapeutics (NASDAQ: VKTX) of late, but it's still a clinical-stage company, and it comes with no shortage of risks. But because it has a promising glucagon-like peptide 1 (GLP-1) agonist in development that may end up winning a share of the lucrative weight-loss drug market, its market capitalization has climbed to $8 billion.
Source Fool.com
Viking Therapeutics Inc Stock
Viking Therapeutics Inc is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
With a target price of 62 € there is a positive potential of 30.5% for Viking Therapeutics Inc compared to the current price of 47.51 €.