These companies fighting the coronavirus will pay off the most for investors, analysts say

President Donald Trump speaks in the Rose Garden after introducing a new point-of-care COVID-19 test kit developed by Abbott Labs at the White House on March 30, 2020 in Washington, DC.

Win McNamee | Getty Images

A handful of drug companies are on the front lines of fighting the deadly coronavirus and Wall Street is watching closely for which stocks will bank the breakthroughs.

CNBC’s Covid-19 Testing & Treatments Index is equal-weighed and currently comprised of 29 companies that are working on testing and treating the novel coronavirus. Its components are a mixture of pharmaceutical and biotechnology companies ranging from Biogen to Gilead Sciences. Its largest components by market value are Johnson & JohnsonPfizerRoche and Novartis

The index has rallied more than 15% in the past month, outperforming the S&P 500. 

To find Wall Street’s favorite companies working on a treatment, CNBC used FactSet to screen through the Covid-19 Testing & Treatments index for the ten stocks with the most upside to their 12-month price target. Plus, at least half of the analysts covering the stocks must recommend buying them. 

Take a look at the drug companies that Wall Street believes will pay off the most for investors. 

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