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7 Biotech Stocks Ready to Ride the Sector's Resurgence
CNTACentessa Pharmaceuticals(CNTA) InvestorPlace·2024-03-19 00:01

Why do you want to consider biotech stocks? Simply, the narrative comes down to numbers and a possible rotation.First, the hard data supports bullishness in biotech stocks. According to Grand View Research, the underlying global industry reached a valuation of 1.55trillionlastyear.Movingforward,expertsprojectthatthesectorwillexpandatacompoundannualgrowthrate(CAGR)of13.961.55 trillion last year. Moving forward, experts project that the sector will expand at a compound annual growth rate (CAGR) of 13.96% from 2024 to 2030. At the culmination point, the space may be worth 3.88 trillion.Second, a sector rotation may be ...