
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech Corp has demonstrated significant growth in the clinical application of its product candidate CARVYKTI, with over 5,000 patients treated to date, marking a notable increase from 4,000 in the previous quarter. The company's collaboration with Johnson & Johnson has resulted in impressive financial metrics, including a 17% quarter-over-quarter revenue growth, reaching $286 million in 3Q24, and a slight revenue beat in 4Q24 with $334 million generated. The anticipated addition of overall survival benefits to the CARVYKTI label in both Europe and the U.S. is expected to enhance its market position and drive continued revenue growth, particularly in the early-line multiple myeloma setting.
Bears say
Legend Biotech Corp faces substantial operational risks that contribute to a negative outlook on its stock, including potential difficulties in meeting capacity expansion for CARVYKTI, which could hinder its ability to relieve existing supply constraints. Additionally, the company may experience delays in advancing its pipeline candidates and generating favorable clinical data, further impeding growth prospects. With an anticipated net loss of $56.3 million and various partnership and regulatory risks, investors may remain wary about the firm's financial sustainability and long-term viability.
This aggregate rating is based on analysts' research of Legend Biotech and is not a guaranteed prediction by Public.com or investment advice.
Legend Biotech (LEGN) Analyst Forecast & Price Prediction
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