
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech has demonstrated robust operational growth, with an increase in hospitals approved to treat CARVYKTI patients, rising from 82 in 3Q24, and surpassing 5,000 treated patients, a significant increase from 4,000 in the same quarter. The firm is expected to enhance its product label for CARVYKTI with an overall survival benefit by mid-2025 in Europe and late 2025 in the U.S., solidifying its position in the multiple myeloma treatment landscape. Furthermore, the financial performance reflects strong demand and capacity expansion, with CARVYKTI achieving aggregate sales of $334 million in 4Q24, slightly surpassing estimates and indicating a 17% quarter-over-quarter growth, which suggests continued upward momentum into 2025.
Bears say
Legend Biotech Corp faces significant financial risks, including the inability to meet capacity expansion requirements which could impede the supply of its CARVYKTI product. Additionally, the company is experiencing delays in advancing its pipeline candidates and may fail to generate favorable clinical data, both of which could adversely affect its revenue generation capabilities. Furthermore, a projected net loss of $56.3 million highlights ongoing financial challenges and raises concerns about partnership risks, particularly with its collaborator Janssen, along with potential long-term dilution risks for shareholders.
This aggregate rating is based on analysts' research of Legend Biotech and is not a guaranteed prediction by Public.com or investment advice.
Legend Biotech (LEGN) Analyst Forecast & Price Prediction
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