
Rigel Pharmaceuticals (RIGL) Stock Forecast & Price Target
Rigel Pharmaceuticals (RIGL) Analyst Ratings
Bulls say
Rigel Pharmaceuticals Inc. has demonstrated a practical business model focused on developing synergistic products that complement its existing sales force, which supports consistent quarter-over-quarter growth. The early data from ongoing clinical trials indicate encouraging hematologic responses in an elderly, heavily pretreated patient population, suggesting the potential effectiveness of its pipeline. Additionally, the licensing agreement with AstraZeneca for its oral rheumatoid arthritis drug candidate positions Rigel to benefit from royalties and milestone payments, enhancing its revenue prospects.
Bears say
Rigel Pharmaceuticals faces significant headwinds that contribute to a negative outlook on its stock. Key challenges include the imminent expiration of patent protections for its lead product, Fostamatinib, in 2032, which poses risks related to intellectual property and market competition, as well as potential hesitance among clinicians to shift from established therapies due to personal experience. Furthermore, the company is exposed to regulatory risks, with failures in clinical trials or inadequate funding threatening its ability to progress drug development, thereby limiting market potential and diminishing confidence among investors.
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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