
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
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.
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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