
HRMY Stock Forecast & Price Target
HRMY Analyst Ratings
Bulls say
Harmony Biosciences Holdings Inc. is experiencing notable growth, with its leading product, WAKIX, achieving $201.3 million in net revenues for 4Q24, reflecting a 20% year-over-year increase. The average number of patients using WAKIX has risen to approximately 7,100, indicating strong adoption and sustained demand in the narcolepsy market, which is anticipated to grow from around $160 million in 2020 to over $700 million by 2024. Additionally, Harmony's promising pipeline of orphan drug candidates positions the company for potential future revenue growth, further strengthening its overall outlook.
Bears say
Harmony Biosciences Holdings Inc. has faced a reduction in its estimated value for the pitolisant pipeline due to the removal of potential revenues from WAKIX in idiopathic hypersomnia (IH), leading to a $5 decrease in valuation from $30 to $25. The company faces significant risks, including increasing competition in the sodium oxybate market, a potential slowdown in the rate of new patient additions for WAKIX, and the possibility of unsuccessful clinical trials for several drug candidates. Additionally, the threat of earlier-than-expected generic competition for pitolisant further complicates the outlook for the company's financial performance and revenue growth.
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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