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LEGN

Legend Biotech (LEGN) Stock Forecast & Price Target

Legend Biotech (LEGN) Analyst Ratings

Based on 10 analyst ratings
Buy
Strong Buy 30%
Buy 60%
Hold 10%
Sell 0%
Strong Sell 0%

Bulls say

Legend Biotech Corp is positioned favorably within the expanding CAR T cell therapy market, which saw a significant increase in infusions from 60 in 2016 to 4,721 in 2023, underscoring robust demand. The company's flagship therapy, Carvykti, has experienced impressive sales growth, averaging 32% quarter-over-quarter over the past 12 quarters, surpassing prior growth estimates, and benefiting from an increasing proportion of community physicians able to administer the treatment. Additionally, clinical trials such as CARTITUDE-5 and CARTITUDE-6, aimed at evaluating cilta-cel, present a substantial opportunity for market expansion, potentially increasing the addressable market for Carvykti by 50%, reinforcing a favorable long-term outlook for Legend Biotech.

Bears say

Legend Biotech Corp's stock has faced significant pressure, declining 38% year-to-date, primarily due to concerns regarding the commercial uptake of its product Carvykti and growing competitive threats from rival therapies, particularly the anticipated entry of ACLX/GILD’s anito-cel into the market by 2026. Additionally, challenges related to payor pushback against the pricing of one-time CAR-T treatments may hinder the total addressable market for Carvykti, further complicating the company's revenue outlook. The slower growth of FACT-accredited sites globally and competition from emerging clinical-stage CAR-T therapies are likely to diminish Carvykti's long-term market share and overall revenue potential.

Legend Biotech (LEGN) has been analyzed by 10 analysts, with a consensus rating of Buy. 30% of analysts recommend a Strong Buy, 60% recommend Buy, 10% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Legend Biotech and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Legend Biotech (LEGN) Forecast

Analysts have given Legend Biotech (LEGN) a Buy based on their latest research and market trends.

According to 10 analysts, Legend Biotech (LEGN) has a Buy consensus rating as of Feb 7, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $61.10, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $61.10, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Legend Biotech (LEGN)


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