
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech Corp has demonstrated a robust growth trajectory in the CAR T therapy market, with infusions rising from 60 in 2016 to 4,721 in 2023, indicating a significant expansion in demand for such treatments. The company's leading product, Carvykti, has shown impressive sales growth, averaging 32% quarter-over-quarter over the last 12 quarters, exceeding the projected growth rate of 25%. Furthermore, the increasing capability of community physicians to administer CAR T therapies, growing from 29% to 47% within a year, enhances access to these treatments and supports continued revenue growth potential for the company.
Bears say
Legend Biotech's stock performance has been negatively impacted by concerns regarding the commercial uptake of its CAR T cell therapy, Carvykti, particularly in the second-line treatment setting, compounded by competitive pressures from upcoming therapies such as ACLX/GILD's anito-cel. With anito-cel expected to enter the market in 2026, concerns regarding the erosion of Carvykti's long-term market share have intensified, contributing to investor uncertainty. Additionally, the slower growth of FACT-accredited sites may hinder the overall expansion and acceptance of the company's therapies in the marketplace.
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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