Wall Street Thinks This 1 Psychedelic Stock Can Gain 335% in 2026

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Sristi Suman JayaswalThu, December 25, 2025 at 3:30 PM GMT+1 6 min readMental health has moved from the margins to the center of the global healthcare conversation. Rising anxiety, depression, and treatment-resistant conditions are stretching traditional therapies to their limits, forcing the industry to search for approaches that go beyond incremental relief. That search has brought psychedelic-assisted therapies back into focus, and this time backed by data, regulation, and serious capital. The space is now gaining legitimacy as clinical results and market demand begin to align.Within this evolving landscape, Mind Medicine (MNMD) has carved out a clear role. The company, also known as MindMed in short, is developing psychedelic-inspired treatments for brain health disorders, led by MM120, now advancing through late-stage trials for anxiety and depression. In 2025, MNMD stock reflected that progress, delivering strong gains as investors responded to clinical momentum and a maturing pipeline that extends into autism research.This Dividend-Yielding Tech Stock Looks a ‘Compelling Buy’ for 2026 After 2 Years of UnderperformanceAs the FDA Approves a Wegovy Pill, Should You Buy, Sell, or Hold Novo Nordisk Stock?This Dividend Giant Yielding 4.5% Is Wall Street’s Top Telecom Pick for 2026Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!Wall Street has taken note. Jones Trading recently initiated coverage with a bullish stance, pointing to MindMed’s positioning in a fast-growing therapeutic category and the potential of upcoming Phase 3 data. With the brokerage firm’s price target of $61 – also the Street’s highest – implying over 354% upside potential from current levels, let’s see why expectations have shifted so decisively in MindMed’s favor.New York-based MindMed is a late-stage clinical biopharmaceutical company focused on reshaping how brain health disorders are treated. At the heart of its story is MM120, now in Phase 3 trials for generalized anxiety disorder, targeting a condition long underserved by existing therapies.Alongside it, MM402, an MDMA-inspired compound, is being explored for autism spectrum disorder, aiming to address core symptoms rather than surface relief. With a pipeline centered on complex mental health challenges, MindMed is steadily carving out space in a field hungry for innovation.Valued at roughly $1.4 billion, the company’s shares have been drawing growing investor attention as its clinical ambitions move closer to reality. MindMed’s shares have been steadily building a strong comeback story over the past few years. 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