
Rigel Pharmaceuticals (RIGL) Stock Forecast & Price Target
Rigel Pharmaceuticals (RIGL) Analyst Ratings
Bulls say
Rigel Pharmaceuticals is a promising investment due to its growing commercial portfolio, highlighted by the recent launch of Veppanu for ER+/HER2-, ESR1-mutated advanced or metastatic breast cancer. The company's performance is also supported by its drug pipeline, particularly TAVALISSE, REZLIDHIA, and GAVRETO. Furthermore, Rigel's collaborations with AstraZeneca and Eli Lilly provide a strong financial foundation for continued success.
Bears say
Rigel Pharmaceuticals is a biotech company that has had a negative outlook from analysts due to delays in their key drug Tavalisse. This drug, along with the rest of their clinical pipeline and AstraZeneca partnership, contributes to a price target of $85/share. However, there are concerns about the company's valuation framework and potential impediments such as failed clinical trials or lack of funding. One potential upside is the potential for their newly launched oral rheumatoid arthritis drug, VEPPANU, to become their largest commercial product. However, pricing and reimbursement dynamics, as well as physician willingness, will be key factors in achieving this potential.
This aggregate rating is based on analysts' research of Rigel Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.
Rigel Pharmaceuticals (RIGL) Analyst Forecast & Price Prediction
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