
HRMY Stock Forecast & Price Target
HRMY Analyst Ratings
Bulls say
Harmony Biosciences Holdings Inc. is projected to experience significant revenue growth, with WAKIX sales expected to increase from approximately $160 million in 2020 to over $700 million by 2024, driven by its safety and convenience as a treatment for narcolepsy. The company’s ongoing development of its orphan drug pipeline, including pitolisant's potential new applications for excessive daytime sleepiness and other rare neurological conditions, positions it favorably for future clinical advancements and revenue streams. Additionally, the recent positive results from its pivotal bioequivalence study for pitolisant-GR, which has demonstrated improved tolerability and elimination of dose titration, further solidify Harmony’s competitive edge in the market and support long-term value preservation through utility patent filings extending to 2044.
Bears say
The negative outlook on Harmony Biosciences Holdings Inc. is primarily driven by several significant risks that could adversely affect its financial performance. Firstly, increased competition in the sodium oxybate market poses a threat to the growth of WAKIX, potentially leading to slower-than-anticipated new patient additions. Additionally, there is uncertainty surrounding the success of ongoing clinical trials for key drug candidates, which could impact the company's future revenue streams and market position.
This aggregate rating is based on analysts' research of Harmony Biosciences Holdings and is not a guaranteed prediction by Public.com or investment advice.
HRMY Analyst Forecast & Price Prediction
Start investing in HRMY
Order type
Buy in
Order amount
Est. shares
0 shares