Is Viking Therapeutics Stock a No-Brainer Buy Below $35?

Shares of Viking Therapeutics (NASDAQ: VKTX), a clinical-stage biotech, have moved in exactly the wrong direction this year, down 8% to date. However, the drugmaker has important catalysts on the horizon that could make the stock a bargain at its current price of $32 per share. Should investors initiate positions today?Image source: The Motley Fool.Viking Therapeutics is developing medicines for chronic weight management. The company's leading candidate, subcutaneous VK2735, is currently in phase 3 studies. We should see data from these trials next year. On the one hand, subcutaneous VK2735 posted strong phase 2 results, and if it can repeat that performance in its ongoing clinical trials, Viking Therapeutics' shares will soar.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool