
Amphastar Pharma (AMPH) Stock Forecast & Price Target
Amphastar Pharma (AMPH) Analyst Ratings
Bulls say
Amphastar Pharmaceuticals Inc. demonstrated robust financial performance in 2Q24, achieving a top-line revenue of $182.4 million, which represents a 25% year-over-year increase, alongside an adjusted EPS of $0.94, marking a 45% growth compared to the previous year. The impressive performance was primarily driven by strong sales of Baqsimi, which reached $30.9 million, and a significant 67% increase in epinephrine sales, reflecting the benefits of supplier shortages. Moreover, the anticipated growth from newly launched products and the strong market position in essential injectable pharmaceuticals suggest a favorable long-term EBITDA growth trajectory and an attractive risk/reward profile for investors.
Bears say
Amphastar Pharmaceuticals Inc. reported a decline in sales for its finished pharmaceutical products, with revenue falling to $34.7 million in 2Q23, reflecting an 8% decrease compared to the previous quarter, attributed to reduced volumes for atropine and increased supplier returns to historical distribution levels. The company anticipates a decrease in sales for its glucagon product due to emerging competition in the diagnostic market, as well as potential revenue declines for epinephrine with Pfizer's expected re-entry into the market with a similar product. Furthermore, Amphastar faces capacity constraints and a diminished market share outlook, compounded by delays in advancing their promising product AMP-002, which may hinder its competitive positioning in the biopharmaceutical industry.
This aggregate rating is based on analysts' research of Amphastar Pharma and is not a guaranteed prediction by Public.com or investment advice.
Amphastar Pharma (AMPH) Analyst Forecast & Price Prediction
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