
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech Corp has demonstrated significant growth in its operations, with the number of hospitals approved for CARVYKTI treatment increasing from 82 to 100 within one quarter, and the total number of patients treated surpassing 5,000, indicating strong market traction. The anticipated addition of overall survival benefits to the CARVYKTI label in both Europe and the U.S. is expected to enhance the product's positioning in the multiple myeloma market, supporting a robust demand trajectory through both second-line and first-line treatment opportunities. Additionally, favorable trends in metrics and a solid pipeline of clinical trials, including CARTITUDE-5 and CARTITUDE-6, offer further growth potential as Legend continues to expand its footprint within the oncology sector.
Bears say
The analysis indicates several fundamental risks contributing to a negative outlook on Legend Biotech's stock, including potential inability to meet capacity demands for its CAR T cell therapy, CARVYKTI, which could impact revenue generation. Furthermore, delays in advancing additional pipeline candidates and the risk of unfavorable clinical data from ongoing programs may hinder the company's growth prospects. Lastly, a projected net loss of $56.3 million raises concerns about financial sustainability and adds to the overall uncertainty regarding future profitability and market performance.
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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