
TG Therapeutics (TGTX) Stock Forecast & Price Target
TG Therapeutics (TGTX) Analyst Ratings
Bulls say
TG Therapeutics Inc. has reported a significant increase in net product revenue for 4Q24, which rose approximately 160% compared to 4Q23, totaling $103.6 million, and achieved a substantial year-over-year growth of around 250% for FY24, amounting to $310 million. The company anticipates that innovations such as faster infusion times and bi-monthly subcutaneous injection options for its FDA-approved drug BRIUMVI could enhance its market share within the intravenous market. Furthermore, the expansion of TG Therapeutics's field team in 2024 is noted to have contributed to growth, with preliminary revenue figures surpassing expectations and promising data from the Phase 3b ENHANCE trial indicating the treatment's tolerability and effectiveness, positioning the company favorably for future market opportunities.
Bears say
TG Therapeutics has experienced an increase in selling, general, and administrative (SG&A) expenses, rising from $24.6 million in 4Q23 to $30.2 million in 4Q24, indicating escalating operational costs that may hinder profitability. Research and development (R&D) expenses also grew notably from $14.6 million in 4Q23 to $20.7 million in 4Q24, further straining financial resources as the company continues to invest in multiple clinical trials. Although the reported GAAP and non-GAAP earnings per share exceeded some estimates, the rising operational and research expenditures suggest a challenging financial landscape that may limit future growth and profitability.
This aggregate rating is based on analysts' research of TG Therapeutics and is not a guaranteed prediction by Public.com or investment advice.
TG Therapeutics (TGTX) Analyst Forecast & Price Prediction
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