
HRMY Stock Forecast & Price Target
HRMY Analyst Ratings
Bulls say
Harmony Biosciences Holdings Inc. is poised for significant growth, with expectations for WAKIX sales to rise from approximately $160 million in 2020 to over $700 million by 2024, supported by an expansion in the patient population treated with its therapies. The company’s strong pipeline includes promising candidates such as pitolisant-GR, which has demonstrated improved patient adherence by eliminating the need for dose titration, further enhancing the appeal of its offerings in the neurology segment. Additionally, with a solid balance sheet to finance ongoing research and development and a series of upcoming registrational trials, Harmony is well-positioned as a compelling growth story in the pharmaceutical industry.
Bears say
Harmony Biosciences Holdings Inc. faces a negative outlook primarily due to its recent setback with the ZYN002 trial, which failed to meet its primary endpoint, suggesting challenges in the efficacy of its pipeline treatments. The company also encounters risks from potential competition in the sodium oxybate market, which could hinder the growth of its existing product, WAKIX, as well as possible slower-than-expected rates of new patient additions. Additionally, there are concerns regarding the success of ongoing clinical trials for several indications, which may further jeopardize Harmony’s ability to maintain market performance.
This aggregate rating is based on analysts' research of Harmony Biosciences Holdings and is not a guaranteed prediction by Public.com or investment advice.
HRMY Analyst Forecast & Price Prediction
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