BIIB - Biogen - Stock Forecast

Healthcare - Sector
Coverage Profile Performance Price Targets & Ratings Chart

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.

Stock Analyst Price Targets - Review

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.

Overview

Biogen  is focused on the discovery, development, manufacturing innovative therapies for the treatment of neurological and neurodegenerative diseases.

Portfolio

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.

History

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

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What is BIIB (Biogen) average time for price targets to be met?

On average it took 250.84 days on average for the stock forecasts to be realized with a an average price target met ratio 67.83

Which analyst has the current highest performing score on BIIB (Biogen) with a proven track record?

ERIC SCHMIDT

Which analyst has the most public recommendations on BIIB (Biogen)?

Eric Schmidt has 0 price targets and 0 ratings on BIIB

Which analyst is the currently most bullish on BIIB (Biogen)?

Ravi Mehrotra with highest potential upside - $242.99

Which analyst is the currently most reserved on BIIB (Biogen)?

Tim Anderson with lowest potential downside - -$40.01

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