On Oct 31, major Wall Street analysts update their ratings for $Incyte (INCY.US)$, with price targets ranging from $80 to $97.
Citi analyst David Lebowitz maintains with a buy rating, and adjusts the target price from $92 to $97.
TD Cowen analyst Marc Frahm maintains with a buy rating, and maintains the target price at $80.
Oppenheimer analyst Jay Olson maintains with a buy rating, and adjusts the target price from $81 to $82.
Truist Financial analyst Srikripa Devarakonda maintains with a hold rating.
JMP Securities analyst Reni Benjamin maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Incyte (INCY.US)$'s main analysts recently are as follows:
Incyte's third-quarter results showcased topline revenue surpassing expectations, fueled by the enduring growth of essential franchise components like Jakafi and Opzelura. The solid commercial performance, diminishing worries about Jakafi's rivals, and a robust pipeline with multiple opportunities reinforce the company's underlying narrative.
The firm previously held reservations about competitive pressures to Jakafi in myelofibrosis, yet acknowledges that the strong ongoing demand suggests diminished risk currently. They also note optimism driven by the sustained growth of Opzelura, including the potential for its expansion into pediatric atopic dermatitis.
The company demonstrated a robust commercial quarter, showcasing the resilience and strength of its core business despite seasonal challenges and competitive pressures. This performance is anticipated to sustain momentum and enhance investor sentiment as the company approaches several significant updates in the first half of fiscal year 2025.
The company achieved a top-line surpass and provided updated guidance for FY24 that remained steady to improved. This was despite expectations for Jakafi being counterbalanced by a reduced projection in the Heme/Oncology division. Nonetheless, the long-term prospects for the company remain uncertain, especially considering the anticipated impact on revenue from the pipeline following the Jakafi exclusivity expiration slated for 2028.
Incyte has exhibited impressive third-quarter performance, surpassing expectations with a robust top line propelled by Jakafi and Opzelura, alongside a commendable bottom line. In light of this strong commercial execution, the company has elevated its forecast for FY24, hinting at promising Q4 sales for Jakafi and a 6% year-over-year expansion for the subsequent fiscal year. It is anticipated that the industry focus will transition towards pipeline projects, as multiple imminent catalysts are on the horizon, including updates on the LIMBER program, proof of concept data for MRGPRX2 Phase 1/2 in Chronic Spontaneous Urticaria (CSU), and early-2025 top-line results from the povorcitinib Phase 3 trial in Hidradenitis Suppurativa (HS), all of which are expected to elucidate the potential for longer-term growth and compensate for the anticipated loss of exclusivity for Jakafi.
Here are the latest investment ratings and price targets for $Incyte (INCY.US)$ from 5 analysts:
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美東時間10月31日，多家華爾街大行更新了$因塞特 (INCY.US)$的評級，目標價介於80美元至97美元。
花旗分析師David Lebowitz維持買入評級，並將目標價從92美元上調至97美元。
TD Cowen分析師Marc Frahm維持買入評級，維持目標價80美元。
奧本海默控股分析師Jay Olson維持買入評級，並將目標價從81美元上調至82美元。
儲億銀行分析師Srikripa Devarakonda維持持有評級。
JMP Securities分析師Reni Benjamin維持持有評級。
此外，綜合報道，$因塞特 (INCY.US)$近期主要分析師觀點如下：
因塞特第三季度業績展示了超出預期的營業收入，受到Jakafi和Opzelura等重要業務元件持續增長的推動。堅實的商業表現，減少了對Jakafi競爭對手的擔憂，以及具有多重機會的強大產品線，進一步強化了公司潛在故事。
該公司此前對骨髓纖維化患者的Jakafi面臨競爭壓力持有保留意見，但承認當前強勁的持續需求表明風險已減少。他們還指出，由Opzelura持續增長帶來的樂觀情緒，包括其進入兒童特應性皮炎的潛力。
該公司展示了強勁的商業季度，展示了其核心業務的韌性和實力，儘管面臨季節性挑戰和競爭壓力。預計這種表現將繼續保持勢頭，並在公司接近2025財年上半年的幾項重大更新時增強投資者情緒。
該公司取得了頂線超越，併爲2024財年提供了穩定至改善的更新指導。儘管對Jakafi的預期被血液/腫瘤學部門的投影減少所抵消，對公司長期前景仍存在不確定性，尤其考慮到預計影響2028年Jakafi獨家權過期後來自產品線的營業收入。
因塞特展現出令人印象深刻的第三季度表現，憑藉Jakafi和Opzelura的強勁營業收入以及令人欽佩的底線超額完成預期。在這種強勁的商業執行之下，公司已提升了2024財年的預測，暗示Jakafi有望實現有前途的第四季度銷售，以及隨後財年6%的年度增長。行業關注重心預計將轉向產品線項目，因爲多個即將到來的催化劑在地平線上，包括LIMBER項目的更新，MRGPRX2在慢性特發性蕁麻疹（CSU）的1/2期概念驗證數據，以及HS溼疹局部病變革養劑的3期試驗的2025年初的頂線結果，這些都有望闡明長期增長潛力，並彌補對Jakafi獨家權預計損失的補償。
以下爲今日5位分析師對$因塞特 (INCY.US)$的最新投資評級及目標價：
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