
Rigel Pharmaceuticals (RIGL) Stock Forecast & Price Target
Rigel Pharmaceuticals (RIGL) Analyst Ratings
Bulls say
Rigel Pharmaceuticals Inc. has reported a notable increase in product sales across its key offerings, with Tavalisse sales rising 18% to $31 million, reflecting robust demand and successful collaborative efforts. The company has achieved positive net income for FY2024, signaling a significant milestone towards sustained profitability, complemented by a healthy cash position of $77.3 million. Looking ahead, Rigel intends to expand its commercial portfolio and product sales, capitalizing on new opportunities to enhance access to its therapies, particularly beyond the U.S. market.
Bears say
Rigel Pharmaceuticals Inc. faces significant risks that contribute to a negative outlook on its stock, notably the potential for ongoing or future clinical trial failures which could lead to a decline in stock price close to or below the company's cash position. The uncertainty surrounding the clinical efficacy of its drug candidates, particularly R289 as indicated by limited response depth, creates additional concerns regarding the company's ability to deliver meaningful therapeutic impacts. Furthermore, the firm's reliance on securing adequate funding to advance its drugs through development is precarious, as any inability to do so could adversely affect progress and investor confidence.
This aggregate rating is based on analysts' research of Rigel Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.
Rigel Pharmaceuticals (RIGL) Analyst Forecast & Price Prediction
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