
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech Corp has demonstrated significant progress in the treatment landscape for multiple myeloma, with over 5,000 patients treated with its CARVYKTI therapy, marking a notable increase from the previous quarter and highlighting strong market adoption. The anticipated addition of overall survival benefits to the CARVYKTI label in Europe and the U.S. is expected to enhance its positioning as a key therapy for early-line multiple myeloma, further driving demand in the second-line treatment setting. Additionally, strong capacity expansion and positive trial enrollments for newly-diagnosed multiple myeloma suggest ongoing growth opportunities for Legend’s pipeline, reinforcing a solid strategy for future revenue generation.
Bears say
Legend Biotech Corp faces significant risks that could adversely impact its financial performance, including potential supply constraints for its CARVYKTI product, delays in developing its pipeline candidates, and the need for favorable clinical data. The company's reliance on partnerships, particularly with Janssen of Johnson & Johnson, presents additional uncertainties along with risks related to product approvals and internal accounting controls. The estimated net loss of $56.3 million further highlights the financial challenges the company may encounter, reinforcing a negative outlook on its stock.
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
Start investing in Legend Biotech (LEGN)
Order type
Buy in
Order amount
Est. shares
0 shares