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2 Top Biotech Stocks to Buy Right Now

TheMotleyFool 
0 0 12.10.23
2 Top Biotech Stocks to Buy Right NowPhoto, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png
 

The biotech industry is severely lagging the market this year, at least according to the SPDR S&P Biotech ETF, an industry benchmark that is down about 14% so far in 2023. However, that doesn't mean you should avoid biotech stocks altogether. Even as the sector may struggle near term, some companies still have the tools to perform well in the long run.

Let's look at two biotech stocks worth buying right now: Vertex Pharmaceuticals (NASDAQ: VRTX) and Moderna (NASDAQ: MRNA). Although they've moved in opposite directions this year, both are worth serious consideration.

VRTX Chart

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Source Fool.com

Moderna Inc. Stock

€55.21
-0.160%
The price for the Moderna Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.090 (-0.160%).
Currently there is a rather positive sentiment for Moderna Inc. with 11 Buy predictions and 8 Sell predictions.
However, we have a potential of -61.96% for Moderna Inc. as the target price of 21 € is below the current price of 55.21 €.
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