B. Riley’s Top Biotech Picks Ahead of 3Q26 Earnings Season

B. Riley analyst Mayank Mamtani highlighted top biotech picks ahead of 3Q26 earnings, including Axsome Therapeutics (AXSM), Cytokinetics (CYTK), Eton Pharmaceuticals (ETON), Harrow (HROW), TG Therapeutics (TGTX), and Zymeworks (ZYME). The analyst provided price targets and revenue projections for each, noting macroeconomic challenges for small and mid-cap biotech stocks.

Original reporting
Published Sep 25, 2026, 3:09 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 25, 2026, 3:33 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefSector analysis
Primary signal
$AXSM
Bullish
medium confidence
Mentioned
$AXSM · $CYTK · $ETON · $HROW · $TGTX · $ZYME
Relevance
6/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$AXSMBullishMed
01

Why it matters

The recommendations could drive short‑term price moves in the highlighted stocks as investors adjust positions before earnings.

02

Market read

The article offers actionable buy ratings for six biotech companies, potentially influencing trading activity in the sector.

03

What to watch

Potential impact of higher interest rates on biotech financing costs.

Relevance 6/10Novelty 5/10Timing: ahead of Q3 2026 earnings season

Background

Analyst B. Riley provides a list of top biotech picks with ratings and price targets ahead of the upcoming earnings season.

Company-level read

Ticker impact

$AXSMBullishMedium confidence
Context

Analyst rates Axsome Therapeutics Buy with $300 target and cites Q3 revenue guidance.

Expected impact

price may rise toward target if Q3 results align with forecasts.

Evidence & confidence

Buy rating and price target provide a clear actionable view.

$CYTKBullishMedium confidence
Context

Analyst rates Cytokinetics Buy with $146 target, highlighting Q3 wholesale volume growth.

Expected impact

stock may rally on strong volume data.

Evidence & confidence

Volume data and target suggest near‑term upside.

$ETONBullishMedium confidence
Context

Analyst rates Eton Pharmaceuticals Buy with $70 target, noting margin expansion and revenue guidance.

Expected impact

price could climb if guidance holds.

Evidence & confidence

Guidance above consensus signals positive catalyst.

$HROWBullishMedium confidence
Context

Analyst rates Harrow Buy with $60 target, providing Q3 and Q4 revenue estimates.

Expected impact

stock may appreciate toward target.

Evidence & confidence

Targeted revenue figures give a clear valuation basis.

$TGTXBullishMedium confidence
Context

Analyst rates TG Therapeutics Buy with $86 target, citing upcoming Phase 3 data and Briumvi run‑rate.

Expected impact

stock may rise ahead of trial readout.

Evidence & confidence

Phase 3 expectations create near‑term catalyst.

$ZYMEBullishMedium confidence
Context

Analyst rates Zymeworks Buy with $44 target, referencing Jazz partnership launch data.

Expected impact

price could move toward target on launch progress.

Evidence & confidence

Partnership revenue adds growth potential.

Market effects

Biotech sector may see broader buying interest as analyst upgrades multiple names.

U.S. small‑cap biotech stocks could benefit.

Limited to investors focused on U.S. biotech equities.

Counterpoint

Some investors may view the upgrades as overly optimistic given macro‑driven drawdown risk.

Key entities

  • B. Riley

    Provides analyst ratings and price targets for biotech stocks.

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