
HRMY Stock Forecast & Price Target
HRMY Analyst Ratings
Bulls say
Harmony Biosciences Holdings Inc. is projected to see significant growth in its main product, WAKIX, with sales anticipated to rise from approximately $160 million in 2020 to over $700 million by 2024, reflecting its competitive advantage in safety and convenience for treating narcolepsy. The company's promising pipeline, including advancements in pitolisant for additional indications and next-generation formulations designed to enhance patient adherence by eliminating dose titration, positions Harmony favorably for sustained growth and potential NDA filings in the coming years. Additionally, with multiple registrational trials set to begin or report results in the next 12–18 months, along with a solid balance sheet to support research and development, Harmony is positioned as a compelling growth opportunity within the neurology sector.
Bears say
Harmony Biosciences Holdings Inc. faces significant challenges that contribute to a negative outlook on its stock, primarily due to the underperformance of its pipeline candidate ZYN002, which failed to meet the primary endpoint in the pivotal Phase 3 RECONNECT trial, primarily attributed to a higher-than-expected placebo response. Additionally, increasing competition in the sodium oxybate market is anticipated to hinder the growth potential of WAKIX, alongside concerns regarding a potential slowdown in the rate of new patient additions. Moreover, the uncertainty surrounding the success of ongoing clinical trials for other indications, including Prader-Willi Syndrome (PWS) and various forms of epilepsy, compounds the risks associated with Harmony’s future performance.
This aggregate rating is based on analysts' research of Harmony Biosciences Holdings and is not a guaranteed prediction by Public.com or investment advice.
HRMY Analyst Forecast & Price Prediction
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