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LEGN

Legend Biotech (LEGN) Stock Forecast & Price Target

Legend Biotech (LEGN) Analyst Ratings

Based on 10 analyst ratings
Buy
Strong Buy 30%
Buy 60%
Hold 10%
Sell 0%
Strong Sell 0%

Bulls say

Legend Biotech is poised for success based on the strong commercial potential of their product candidate, LCAR-B38M/JNJ-4528, which has shown promise in treating multiple myeloma with a high response rate. The commercial success of their CARVYKTI therapy, which has already generated over $2 billion in annual sales, sets them apart from other pre-commercial biotech companies and makes their current valuation undervalued. With a diverse pipeline, including potential approvals for their treatments in gastric cancer and small cell lung cancer, and a strategic partnership with Janssen, Legend Biotech presents a strong investment opportunity.

Bears say

Legend Biotech is facing strong competition in the CAR-T market, which could limit its potential for future growth. The recent acquisition of Kelonia could help bolster its in vivo franchise, but the current valuation of the company at 2.9x sales is unwarranted, considering its limited sales track record and potential risks such as payor pushback and manufacturing constraints. Additionally, the company's pipeline still has a long way to go before commercialization and success is not guaranteed, making it a risky investment at this time.

Legend Biotech (LEGN) has been analyzed by 10 analysts, with a consensus rating of Buy. 30% of analysts recommend a Strong Buy, 60% recommend Buy, 10% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

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

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FAQs About Legend Biotech (LEGN) Forecast

Analysts have given Legend Biotech (LEGN) a Buy based on their latest research and market trends.

According to 10 analysts, Legend Biotech (LEGN) has a Buy consensus rating as of May 12, 2026. 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 $60.60, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $60.60, 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.

Legend Biotech (LEGN)


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