What happened Shares of Myovant Sciences (NYSE: MYOV) are rising today, up by 12% as of 3:03 p.m. EST, after receiving some favorable coverage from the analyst community. The clinical-stage biotech skyrocketed earlier in the week in the wake of strong results in a phase 3 drug trial. So what First, Goldman Sachs Group reiterated its buy rating on Myovant and boosted its price target from to . Not to be outdone, JMP Securities also reaffirmed its buy rating and has an even more bullish price target of . Both of these targets are significantly higher than Thursday's closing price of .43. Image source: Getty Images. Now what Myovant's lead compound, relugolix, looks like the real deal. The company reported earlier in the week that 96.7% of men in the trial who have prostate cancer were able to sustain testosterone suppression to castrate levels. Relugolix also met all six of its secondary endpoints in the phase 3 study. Management is targeting an FDA submission in the second quarter of 2020, with regulatory submissions in Europe and Japan soon after. If relugolix can win regulatory approval and live up to its potential, then it wouldn't surprise me to see Myovant's stock continue to soar higher from here. 10 stocks we like better than Myovant Sciences Ltd.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Myovant Sciences Ltd. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Brian Feroldi has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source