
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech Corp has shown significant growth prospects, with the CAR T therapy market increasing from 60 infusions in 2016 to 4,721 in 2023, indicating robust demand for innovative cancer treatments. The average quarterly sales growth of Carvykti at 32% surpasses initial estimates and showcases the product's strong market acceptance, while the rising proportion of community physicians able to administer CAR T therapy signifies expanding access for patients. Additionally, ongoing trials like CARTITUDE-5 and CARTITUDE-6, poised to enhance the total market opportunity for Carvykti by 50%, alongside strategic infrastructure expansions, position the company for sustained future growth.
Bears say
Legend Biotech Corp's stock has faced significant pressure, declining 38% year-to-date, primarily due to concerns over Carvykti's commercial uptake and intensifying competition from emerging CAR T therapies like anito-cel. The potential for reduced market opportunities is further exacerbated by payor pushback against pricing and an unfavorable reimbursement environment, which could undermine Carvykti's sales projections. Additionally, the entry of competing products into the BCMA CAR T market, expected as early as 2026, raises further doubts about the sustainability of Carvykti's market share and long-term revenue growth.
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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