
Rigel Pharmaceuticals (RIGL) Stock Forecast & Price Target
Rigel Pharmaceuticals (RIGL) Analyst Ratings
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.
This aggregate rating is based on analysts' research of Rigel Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.
Rigel Pharmaceuticals (RIGL) Analyst Forecast & Price Prediction
Start investing in Rigel Pharmaceuticals (RIGL)
Order type
Buy in
Order amount
Est. shares
0 shares