
BioMarin Pharmaceutical (BMRN) Stock Forecast & Price Target
BioMarin Pharmaceutical (BMRN) Analyst Ratings
Bulls say
BioMarin Pharmaceutical is experiencing a positive sales trajectory for its therapies, particularly with Palynziq, which is expected to offset declining Kuvan sales as it benefits from unique market protections and limited competition. Despite the maturity of its enzyme replacement therapies (ERTs), consensus projections indicate continued modest growth in their sales, underpinned by strong performances from leading products such as Vimizim and Voxzogo. The anticipated growth of Voxzogo revenues in 2024 further supports a favorable outlook for the company’s overall financial health and revenue generation potential.
Bears say
BioMarin Pharmaceutical's stock has experienced significant volatility, with shares falling nearly 20% in response to positive data from competitor TransConCNP in 2024, highlighting the strong competitive pressure on its primary therapy, VOXZOGO. Despite the company's impressive earnings per share (EPS) performance, the persistent negative market sentiment regarding Voxzogo has contributed to a continued decline in share price. This downward trend culminated in a ~15% share price loss on September 16, 2024, following the announcement of Ascendis' competing ACH candidate data.
This aggregate rating is based on analysts' research of BioMarin Pharmaceutical and is not a guaranteed prediction by Public.com or investment advice.
BioMarin Pharmaceutical (BMRN) Analyst Forecast & Price Prediction
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