
Protalix Biotherapeutics (PLX) Stock Forecast & Price Target
Protalix Biotherapeutics (PLX) Analyst Ratings
Bulls say
Protalix BioTherapeutics is in a strong position to dominate the market with its taliglucerase alfa drug, BioManguinhos alfataliglicerase in Brazil and Amended Pfizer Agreement. Driven by its robust pipeline of products and potential market penetration, the company is poised to achieve peak sales of $626M in the U.S. and ~$140M in Europe. With a projected diluted net loss per share of $0.16 in 2023, we maintain a Buy rating and raise our 12-month price target to $10 from $7, reflecting the attractive market metrics and potential growth ahead.
Bears say
Protalix BioTherapeutics is facing significant risks, with recent developments such as Chiesi reducing their milestone payments by $25 million and a continued lack of market traction for their product Elfabrio. Their partnerships with Chiesi and Pfizer also pose potential risks, and there may be operational disruptions due to the ongoing conflict in Israel. In addition, there is a possibility of long-term dilution for the company. The recent decrease in milestone payments and lack of market success is reflected in the projected net loss of $0.08 per share in 2024 and potential operational disruptions due to the conflict.
This aggregate rating is based on analysts' research of Protalix Biotherapeutics and is not a guaranteed prediction by Public.com or investment advice.
Protalix Biotherapeutics (PLX) Analyst Forecast & Price Prediction
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