
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech Corp has demonstrated robust growth in its CARVYKTI therapy, with patient treatments surpassing 5,000, reflecting a significant increase from the previous quarter. The company reported revenues of $286 million for 3Q24, indicating a 17% quarter-over-quarter growth, and 4Q24 sales of $334 million exceeded both its own estimates and Street consensus, underlining its strong market demand and capacity expansion in key regions. The anticipated addition of overall survival benefits to CARVYKTI's label in Europe and the U.S. is expected to further enhance its market position and drive ongoing revenue growth in the coming years.
Bears say
Legend Biotech Corp faces multiple significant risks that contribute to a negative outlook on its stock, including the inability to meet expansions necessary for alleviating supply constraints, which may directly impact revenue generation. The company also confronts potential delays in the advancement of its pipeline candidates, compounding concerns over its capacity to produce favorable clinical data necessary for success in the competitive biopharmaceutical market. Additionally, a projected net loss of $56.3 million raises alarms regarding its financial health, suggesting that ongoing operational challenges and partnership risks could further erode investor confidence.
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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