
Legend Biotech (LEGN) Stock Forecast & Price Target
Legend Biotech (LEGN) Analyst Ratings
Bulls say
Legend Biotech Corp's positive outlook is supported by significant growth in the CAR T therapy market, which increased from 60 infusions in 2016 to 4,721 in 2023, indicating a burgeoning demand for innovative treatments. Carvykti, the firm's primary product, has demonstrated robust sales growth of 32% quarter-over-quarter over the past 12 quarters, exceeding earlier projections of 25% growth, reflecting strong market acceptance and performance. Additionally, the expansion of dosing capabilities among community physicians and strategic trials like CARTITUDE-5 and CARTITUDE-6 highlight potential for increased market opportunities and capacity enhancement, positioning Legend Biotech favorably within the evolving oncology therapeutic landscape.
Bears say
Legend Biotech Corp has faced significant challenges in its stock performance, with shares declining by 38% year-to-date due to investor concerns over Carvykti's commercial uptake and the impending competition from other BCMA CAR T therapies, particularly with Arcellx's anito-cel expected to enter the market in 2026. There is considerable concern regarding potential payor pushback against the pricing of Carvykti, which could limit the overall market opportunity for this treatment in an unfavorable reimbursement environment. Additionally, competition from clinical-stage CAR-T therapies, alongside slower growth of FACT-accredited sites, raises further doubts about Legend Biotech's long-term market share and revenue prospects.
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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