With new drug launches and product approvals on the horizon, some biotechnology stocks could finally be due for a breakout, market participants say. Biotech investors could use a break. The iShares Biotechnology ETF is up more than 1% this year, far below the 7% gain made in the S & P 500.
Pro screened for biotech stocks that are part of the iShares Biotechnology ETF , searching for names with huge upside from current prices. These stocks are beloved by analysts, with buy ratings from at least 75% of analysts covering the company, according to FactSet data, have a market cap of $2 billion or more and are covered by at least 10 analysts. Most important, they're expected to jump 35% to their average price target. Here are the names.
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