
HRMY Stock Forecast & Price Target
HRMY Analyst Ratings
Bulls say
Harmony Biosciences Holdings Inc. has demonstrated significant growth, with WAKIX maintaining durable performance in the fourth quarter of 2024, as indicated by the average patient count rising to approximately 7,100 and a 20% year-over-year increase in net revenues to $201.3 million. The company is projected to see WAKIX sales in narcolepsy grow from around $160 million in 2020 to over $700 million by 2024, driven by its safety and convenience advantages, alongside a strong positioning of management to add growth drivers from its orphan drug pipeline. Furthermore, WAKIX's adoption among prescribers has surpassed 50%, with favorable payer coverage above 80%, suggesting sustained demand and resilience against competitive pressures in the market.
Bears say
Harmony Biosciences Holdings Inc. faces a challenging outlook due to the potential for increased competition in the sodium oxybate market, which may adversely affect the growth of its primary product, WAKIX. Additionally, concerns regarding the slower-than-expected rate of new patient additions for WAKIX and the risk of unsuccessful clinical trials for its pipeline candidates contribute to the negative sentiment. The removal of potential revenues from WAKIX has led to a notable reduction in the estimated value of the pitolisant pipeline, compounding worries about the company's future financial performance.
This aggregate rating is based on analysts' research of Harmony Biosciences Holdings and is not a guaranteed prediction by Public.com or investment advice.
HRMY Analyst Forecast & Price Prediction
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