Seeing Is Believing
BIIB is currently covered by 29 analysts with an average potential upside of $49.46 (17.92%) from yesterday's end of day stock price of $229.55. Biogen activity chart has currently 671 price targets and 702 ratings on display.
Analysts average stock forecasts to be materialized ratio is 67.83% with an average time for these price targets to be met of 250.84 days.
Highest price target for BIIB is $318, Lowest price target is $197, average price target is $257.5.
Most recent stock forecast was given by MATTHEW HARRISON from MORGAN STANLEY on 10-Nov-2023. First documented stock forecast 09-Sep-2010.
BiogenĀ is focused on the discovery, development, manufacturing innovative therapies for the treatment of neurological and neurodegenerative diseases.
Biogen offers a diverse portfolio of therapies targeting various neurological conditions.
For multiple sclerosis (MS), the company provides products such as TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA, which aim to manage and alleviate the symptoms of this chronic autoimmune disease.
Biogen’s SPINRAZA is a groundbreaking therapy for spinal muscular atrophy (SMA), a genetic neuromuscular disorder that affects muscle movement. The company’s innovative treatment, ADUHELM, addresses Alzheimer’s disease, a progressive neurodegenerative disorder characterized by cognitive decline.
In addition to MS, SMA, and Alzheimer’s disease, Biogen’s product lineup encompasses various therapeutic areas. The company offers FUMADERM to treat plaque psoriasis, a chronic skin condition. BENEPALI, IMRALDI, and FLIXABI are biosimilars developed by Biogen, referencing well-established therapies for conditions like rheumatoid arthritis and certain types of cancer.
Furthermore, Biogen delivers therapies like RITUXAN, RITUXAN HYCELA, GAZYVA, OCREVUS, LUNSUMIO, and glofitamab to address a range of disorders, including non-Hodgkin’s lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, and other immunological and neurovascular conditions.
Biogen’s headquarters are located in Cambridge, Massachusetts, since it was founded in 1978.
Currently, out of the existing stock ratings of BIIB - 58 which are a Hold (29.15%), 140 which are a Buy (70.35%), 1 which are a Sell (0.5%)
Analyst name
Rating
Current price target
Potential distance
Previous price target
Date
Price targets met ratio
Average potential upside
Average Time (Days) For PT To Be Met
Performance score
Buy
373
$143.45 (62.49%)
361
26 days ago
23/42 (54.76%)
$65.86 (24.17%)
274
Buy
363
$133.45 (58.14%)
357
27 days ago
40/56 (71.43%)
$37.07 (14.34%)
160
Buy
365
$135.45 (59.01%)
343
27 days ago
9/12 (75%)
$30.89 (12.98%)
225
Hold
239
$9.45 (4.12%)
266
27 days ago
18/23 (78.26%)
$-22.04 (-7.57%)
135
Buy
295
$65.45 (28.51%)
336
27 days ago
18/22 (81.82%)
$34.74 (13.88%)
215
What is BIIB (Biogen) average time for price targets to be met?
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