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Rigel Pharmaceuticals (RIGL) Stock Forecast & Price Target

Rigel Pharmaceuticals (RIGL) Analyst Ratings

Based on 11 analyst ratings
Buy
Strong Buy 36%
Buy 18%
Hold 45%
Sell 0%
Strong Sell 0%

Bulls say

Rigel Pharmaceuticals has demonstrated a strong financial performance with notable increases in product sales across its portfolio for the third quarter of 2024, including an 18% rise in TAVALISSE sales to $31 million. The company achieved a key milestone by reporting positive net income for fiscal year 2024, highlighting a shift towards sustained profitability and improved cash flow, concluding the year with $77.3 million in cash. Looking ahead, Rigel anticipates continued revenue growth as it expands its commercial efforts and seeks broader market acceptance of its therapies beyond the U.S., supported by an upward revision in future projections.

Bears say

Rigel Pharmaceuticals Inc faces significant risks related to the outcomes of ongoing and future clinical trials, which, if unsuccessful, may lead to substantial stock price declines potentially pushing it near or below its cash position. Additionally, the company's ability to secure adequate funding for drug development is uncertain, which could hinder its progress and negatively impact financial stability. Furthermore, the limited response depth observed in clinical data, particularly for product candidate R289, complicates the assessment of its clinical impact, further contributing to the unfavorable outlook for the stock.

Rigel Pharmaceuticals (RIGL) has been analyzed by 11 analysts, with a consensus rating of Buy. 36% of analysts recommend a Strong Buy, 18% recommend Buy, 45% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Rigel Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Rigel Pharmaceuticals (RIGL) Forecast

Analysts have given Rigel Pharmaceuticals (RIGL) a Buy based on their latest research and market trends.

According to 11 analysts, Rigel Pharmaceuticals (RIGL) has a Buy consensus rating as of Jul 2, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $20.36, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $20.36, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Rigel Pharmaceuticals (RIGL)


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