
Rigel Pharmaceuticals (RIGL) Stock Forecast & Price Target
Rigel Pharmaceuticals (RIGL) Analyst Ratings
Bulls say
Rigel Pharmaceuticals has demonstrated notable growth in product sales, with TAVALISSE achieving an 18% increase to $31 million, and overall revenue growth driven by heightened contract revenues and expanding collaborations. The company reached a significant milestone with positive net income for FY2024, highlighting its move toward profitability and robust cash flow, supported by a cash reserve of $77.3 million at year-end. Looking ahead, Rigel's strategy to expand its commercial portfolio and broaden access to its therapies beyond the U.S. is expected to sustain revenue growth momentum through 2025 and capitalize on the positive trajectory established in 2024.
Bears say
The financial analysis of Rigel Pharmaceuticals Inc highlights significant concerns regarding the company's future prospects, primarily related to the potential for failed or inconclusive clinical trials, which could lead to substantial downward pressure on the stock and may cause it to trade near or below its cash position. Additionally, the firm's ability to secure adequate funding to support drug development remains uncertain, which could further impede progress and the company's overall valuation. The limited response depth observed in clinical trials raises doubts about the clinical impact of some pipeline candidates, compounding the risks associated with their market potential.
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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