TipRanksOppenheimer: 3 Stocks That Might Surge Over 100% From Present LevelsSo far, September has been a wild experience of ups and downs. Following the current bout of volatility, stocks have ticked larger once more. However as uncertainty concerning one other rescue program and the presidential election continues to linger, the place does the market go from right here? Weighing in for Oppenheimer, Chief Funding Strategist John Stoltzfus argues that any market dips seem “relatively contained and orderly,” and current longer-term buyers the possibility to seek out “babies that got thrown out with the bathwater.” He famous, “For nervous investors the recent downdraft has presented opportunity to take some profits without FOMO (fear of missing out).”As for the tech heavyweights that powered the market’s five-month cost ahead, the strategist believes “current expectations that technology stocks will remain under pressure for some time seem exaggerated.” Stoltzfus provides that the “core of technology stocks did not appear terribly rich in price considering that developments in technology and innovation have yet to show signs of plateauing in the current cycle.”Taking Stoltzfus’ outlook into consideration, our focus turned to stocks that Oppenheimer analysts are bullish on. The agency’s professionals see triple-digit upside potential in retailer for 3 tickers specifically. Working the names by means of TipRanks’ database, we wished to seek out out what makes every so compelling.MediWound Ltd. (MDWD)Growing cutting-edge merchandise, MediWound needs to deal with unmet wants within the fields of extreme burn and power wound administration. With an necessary authorities contract secured, Oppenheimer has excessive hopes for this identify.Again in January, MDWD introduced that the U.S. Biomedical Superior Analysis and Growth Authority (BARDA) had entered right into a contract to acquire $16.5 million of NexoBrid, its drug designed to take away eschar in adults with deep partial and full-thickness thermal burns (a course of known as debridement), for an emergency stockpile. Based on administration, the primary supply is ready for Q3 2020.On prime of this, the corporate filed the NexoBrid Biologics License Software (BLA) with the FDA for eschar elimination in adults with deep partial-thickness and full-thickness thermal burns in June. MDWD’s U.S. business companion, Vericel, is making ready for a right away launch upon approval.Representing Oppenheimer, 5-star analyst Kevin DeGeeter factors out that “Given the filing involved participation from three parties—MDWD, U.S. commercial partner Vericel and funding partners at BARDA—and was completed against the backdrop of public sector work-from-home mandates, we view meeting stated timelines as a material milestone and derisking event for MDWD shares… we believe NexoBrid is on track for 1H21 launch.”Ought to the remedy finally be accepted, MDWD is entitled to a $7.5 million milestone cost from Vericel. “We believe the combination of existing cash and the $7.5 million milestone payment from VCEL upon NexoBrid approval should fund operations at least into 2H23,” DeGeeter added.DeGeeter additionally factors out that MDWD plans to open 25-30 websites in U.S. and Israel to assist the Section 2 research of EscharEx, its product for power wounds. Though COVID-19 resulted in a delay, the analyst thinks “the current timeline of 1H21 is achievable.”To this finish, DeGeeter charges MDWD an Outperform together with a $7 price goal. Ought to his thesis play out, a possible twelve-month acquire of 117% could possibly be within the playing cards. (To observe DeGeeter’s monitor document, click on right here)All in all, different analysts echo DeGeeter’s sentiment. four Buys and no Holds or Sells add as much as a Sturdy Purchase consensus score. With a mean price goal of $6.63, the upside potential is available in at 106%. (See MDWD stock evaluation on TipRanks)UroGen Pharma (URGN)Primarily centered on uro-oncology, UroGen Pharma develops superior non-surgical therapies to enhance the lives of sufferers. Because the launch of certainly one of its merchandise is progressing effectively, Oppenheimer thinks that now’s the time to get on board.Writing for the agency, analyst Leland Gershell factors to UGN-101 as a key part of his bullish thesis. UGN-101, which has now been formally launched within the U.S. beneath the business identify Jelmyto, was designed as a remedy for low-grade higher tract urothelial carcinoma (LG UTUC). The analyst highlights that Jelmyto’s launch is already off to a strong begin, as eight sufferers had acquired 20 doses of the drug in June.“Jelmyto sales were $371,000 in its first month of launch, but more important was management’s commentary that over 100 urology practice sites are treatment-ready for the product, and that patient demand has not been visibly impacted by COVID-19,” Gershell defined.Including to the excellent news, everlasting C- and J-codes, that are anticipated in October and January 2021, respectively, may bolster gross sales, in Gershell’s opinion. The label is also up to date to mirror accomplished OLYMPUS information.It needs to be famous that affected person and doctor engagement may stay diminished by means of YE20, and restrictions round elective surgical procedures may persist, in response to Gershell. That mentioned, he argues that “LG UTUC’s lack of surgical urgency could imply treatment deferral for several months, whereas Jelmyto’s ability to be administered in an outpatient setting could expedite treatment, favoring adoption.”If that wasn’t sufficient, UGN-102, its mitomycin gel that targets low-grade intermediate danger non-muscle invasive bladder most cancers (LG IR-NMIBC), is ready to enter pivotal testing earlier than the tip of 2020. beforehand launched information, the remedy achieved a 65% full response (CR) fee at three months following onset of remedy. “To offset any potential COVID-19 impact on enrollment, URGN has increased the number of clinical trial sites outside of the U.S., in those countries where virus-related clinical delays have not cropped up,”Gershell added.Summing all of it up, Gershell commented, “We believe shares trade at a discount to the value of Jelmyto and UGN-102, and that revenue growth will support stock upside over the next 12 months.”To this finish, Gershell stands with the bulls, reiterating an Outperform score. At $48, his price goal brings the upside potential to 123%. (To observe Gershell’s monitor document, click on right here)What does the remainder of the Street should say? Three Purchase scores and 1 Maintain have been issued within the final three months. Consequently, URGN receives a Sturdy Purchase consensus score. As well as, the $44 common price goal suggests 104% upside potential. (See URGN stock evaluation on TipRanks)Ayala Prescription drugs Inc. (AYLA)Final however not least we’ve Ayala Prescription drugs, which is concentrated on creating focused therapies for cancers wherein Notch activation is a recognized tumor driver. Based mostly on the progress throughout its improvement pipeline, Oppenheimer sees huge good points in retailer.Oppenheimer analyst Jay Olson thinks AYLA’s expertise makes it a stand-out. Its two candidates, AL101 and AL102, that are in-licensed from Bristol Myers, are gamma-secretase inhibitors that focus on aberrant activation of Notch signaling in most cancers cells.Notch signaling performs an necessary position in regular cell improvement, and perturbations could cause malignant transformation. “We believe Notch targeted therapies hold promise in addressing unmet clinical needs,” Olson commented.The analyst added, “The Notch mutational landscape is diverse, and the underlying science is evolving. AYLA is building a bioinformatics database around Notch to better characterize and identify Notch-activating mutations. Additionally, AYLA is collaborating with partners developing diagnostic tests for Notch-activating mutations, both at DNA and RNA levels. We believe these initiatives benefit AYLA in the long term by identifying responders and expanding the addressable patient population.”Regardless of the challenges introduced by COVID-19, crucial catalysts stay on monitor. The corporate is ready to current new interim information from the Section 2 ACCURACY open-label research of AL101 in R/M ACC on the mini oral head and neck most cancers part of ESMO. Trying on the obtainable information, a current interim evaluation in a single cohort confirmed 69% DCR.As for the second cohort, it’s evaluating a 6mg once-weekly dosing of AL101. “We view the efficacy and safety data from the 6mg dosing cohort as important for the registration-enabling studies, and we anticipate similar interim data readout in 1H21,” Olson mentioned.Including to the excellent news, AYLA is on monitor to kick off affected person dosing within the Section 2 TENACITY research of AL101 in R/M TNBC by YE20 after the IND was cleared by the FDA in April. In 2021, AYLA plans to provoke two further Section 2 research together with AL102 for desmoid tumors and AL101 for r/r T-ALL.“Springworks Therapeutics recently announced the completion of patient enrollment of the Phase 3 DeFi trial of nirogacestat in desmoid tumors with topline data expected mid-2021, which should provide read-across to AYLA’s AL102 program,” Olson famous.Given all the above, Olson opined, “We’re encouraged by AYLA’s advantages along several dimensions, including its drug candidates, cancer indication selection, and focus on identifying Notch-activating mutations while developing diagnostics. AYLA’s Notch targeted approach should address unmet clinical needs for patients with rare but aggressive cancers.”It ought to come as no shock, then, that Olson stayed with the bulls. To this finish, he saved an Outperform score and $23 price goal on the stock, implying 123% upside potential. (To observe Olson’s monitor document, click on right here)Trying on the consensus breakdown, 2 Buys and 1 Maintain have been revealed within the final three months. Due to this fact, AYLA will get a Reasonable Purchase consensus score. Based mostly on the $19.83 common price goal, shares may climb 92% larger within the subsequent yr. (See AYLA stock evaluation on TipRanks)To search out good concepts for stocks buying and selling at enticing valuations, go to TipRanks’ Finest Stocks to Purchase, a newly launched software that unites all of TipRanks’ fairness insights.Disclaimer: The opinions expressed on this article are solely these of the featured analysts. The content material is meant for use for informational functions solely. It is extremely necessary to do your personal evaluation earlier than making any funding.