
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech Corp's stock outlook is positively influenced by the significant growth in the CAR T market, which expanded from 60 infusions in 2016 to 4,721 in 2023, showcasing a robust demand trajectory. The company's lead product, Carvykti, has demonstrated strong sales performance, achieving an average quarterly growth of 32% over the past 12 quarters, surpassing expectations. Additionally, increasing accessibility through a growing number of community centers equipped to administer Carvykti, along with ongoing clinical trials that could expand its market potential, further underscores the future growth prospects for the company.
Bears say
Legend Biotech Corp has experienced a significant decline in its stock performance, with shares down 38% year-to-date, as investors express concerns over the commercial uptake of its CAR-T therapy, Carvykti, and the growing competitive pressures from similar therapies entering the market. The anticipated entry of Arcellx's anito-cel in 2026 is expected to further diminish Carvykti’s market share, suggesting a deteriorating long-term revenue outlook. Moreover, potential payor pushback against the pricing of one-time CAR-T treatments could negatively impact the overall market opportunity for Carvykti, compounding the company’s challenges in sustaining growth amidst increasing competition.
This aggregate rating is based on analysts' research of Legend Biotech and is not a guaranteed prediction by Public.com or investment advice.
Legend Biotech (LEGN) Analyst Forecast & Price Prediction
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