
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech Corp has demonstrated significant growth potential through its chimeric antigen receptor T cell therapy, Carvykti, which has seen sales increase by an average of 32% quarter-over-quarter over the past 12 quarters, outpacing earlier projections. The company benefits from a broadening network of community physicians capable of administering CAR T therapies, with the percentage rising from 29% to 47% over a recent two-year period, facilitating stronger market presence. Furthermore, the anticipated expansions in clinical trials and manufacturing capacity are likely to enhance the market opportunity for Carvykti significantly, underscoring the overall positive outlook for the company.
Bears say
Legend Biotech Corp has experienced a significant decline in its stock performance, down 38% year-to-date, primarily due to investor concerns regarding the commercial uptake of its CAR T cell therapy, Carvykti, in a competitive landscape. The anticipated entry of competing therapies, notably Arcellx’s anito-cel projected for approval in 2026, raises fears of erosion in Carvykti’s market share, exacerbated by potential payer pushback against the pricing of one-time CAR-T treatments. Additionally, slower growth in accredited treatment centers may impact the overall revenue generation and market potential of Legend Biotech's product offerings.
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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