
Krystal Biotech (KRYS) Stock Forecast & Price Target
Krystal Biotech (KRYS) Analyst Ratings
Bulls say
Krystal Biotech Inc has demonstrated robust financial performance, reporting $91.1 million in net revenue from Vyjuvek for the quarter, marking a 9% increase from the previous year, and cumulative revenues of $290.5 million for the full year in alignment with projections. The company holds a strong financial position with a cash balance of $694 million as of 3Q24, which supports potential share repurchase programs and highlights its high profitability potential. Additionally, strong compliance rates among patients, along with positive determinations for over 97% of covered lives, further reinforces confidence in the company’s growth trajectory and operational sustainability.
Bears say
Krystal Biotech faces a negative outlook primarily due to declining reimbursement approvals, with projections indicating a decrease from 70 new approvals in 2Q24 to just 50 in 4Q24, amidst intensified competition in the genetic medicine sector. Furthermore, the company's challenges in patient recruitment, compounded by the complexities and risks associated with the manufacturing of novel gene therapy products, pose significant hurdles for successful development and commercialization. Additionally, the potential for failed clinical trials or funding insufficiencies raises further concerns about the company's financial stability and ability to advance its drug pipeline.
This aggregate rating is based on analysts' research of Krystal Biotech and is not a guaranteed prediction by Public.com or investment advice.
Krystal Biotech (KRYS) Analyst Forecast & Price Prediction
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