10 Best Small-Cap Stocks Ready To Explode

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1. Arvinas, Inc. (NASDAQ:ARVN)

Analyst Upside Potential: 166.90%

Arvinas, Inc. (NASDAQ:ARVN) is a clinical-stage biotechnology company that ranks 4th on our list of 10 best small-cap stocks ready to explode. Analysts’ 12-month median price target for the stock is presenting a 166.90% upside from current levels. The company engages in developing treatments for patients with cancer and other neurodegenerative disorders. The company uses a special technology called PROTAC (proteolysis-targeting chimeras). This technology helps the body’s systems to identify and eliminate disease-causing proteins more effectively.

Several products of Arvinas, Inc. (NASDAQ:ARVN) including ARV-471, ARV-766, and ARV-102 are at different stages of their clinical trials. The company made significant progress in its drug development efforts and reported positive developments across its drug portfolio during the third quarter of 2024. For instance, it is on track to release important results from a major clinical trial (VERITAC-2) for breast cancer treatment by late 2024 or early 2025.

Moreover, they are also working closely with Pfizer to potentially change how ER+/HER2- breast cancer is treated, indicating a promising partnership aimed at improving patient care. Looking ahead, Arvinas, Inc. (NASDAQ:ARVN) plans to complete patient enrollment for several trials by the end of 2024 and expects to share data from these studies in 2025. Management is also preparing to start new combination trials for breast cancer treatments.

Financially speaking, the company generated $102.4 million in revenue during the quarter, a substantial increase from $34.6 million in the same quarter of 2023. The revenue growth was driven by a notable contribution of $76.7 million from a licensing agreement with Novartis.

While we acknowledge the potential of Arvinas, Inc. (NASDAQ:ARVN) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for a promising AI stock that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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