
BioMarin Pharmaceutical (BMRN) Stock Forecast & Price Target
BioMarin Pharmaceutical (BMRN) Analyst Ratings
Bulls say
BioMarin Pharmaceutical has demonstrated a positive financial outlook driven by the rising sales of Palynziq, which is expected to compensate for the declining sales of Kuvan due to its patent protection and lack of competing therapies. Additionally, the company's enzyme replacement therapies (ERTs) are projected to experience modest growth despite their maturity, with key products Vimizim and Voxzogo anticipated to generate significant revenue increases in 2024. The combination of a robust existing product portfolio and an expanding pipeline for rare genetic diseases positions BioMarin favorably within the biotechnology sector.
Bears say
BioMarin Pharmaceutical's stock has experienced significant volatility, highlighted by a nearly 20% decline following positive trial results for a competitor's product, TransConCNP, in 2024, indicating strong market concerns surrounding competition for its therapy, VOXZOGO. Despite BioMarin's consistent earnings per share (EPS) outperformance, the stock price has been adversely affected by negative sentiment related to Voxzogo, demonstrating that competitive pressures overshadow any incremental pipeline advancements. The company faced its most substantial share price drop in the past year on September 16, 2024, when its stock fell approximately 15% in reaction to the competitor’s data, reflecting the fragility of investor confidence in light of emerging alternatives.
This aggregate rating is based on analysts' research of BioMarin Pharmaceutical and is not a guaranteed prediction by Public.com or investment advice.
BioMarin Pharmaceutical (BMRN) Analyst Forecast & Price Prediction
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