
Neurocrine Biosciences (NBIX) Stock Forecast & Price Target
Neurocrine Biosciences (NBIX) Analyst Ratings
Bulls say
Neurocrine Biosciences Inc. is experiencing strong financial performance, with Ingrezza showing remarkable growth, reporting a 10% quarter-over-quarter and 12% year-over-year increase in sales, reaching record highs in both new and total prescriptions. The company's proactive strategy to increase its sales force by approximately 30% aims to maintain the momentum of Ingrezza's market share while expanding the prescriber base for Crenessity in the endocrinology space, which generated impressive net product sales of $98 million in the latest quarter. Additionally, the overall market dynamics for Neurocrine's products point towards robust future potential, with projections suggesting Ingrezza could achieve around $3 billion in sales by 2028 and Crenessity exceeding $1 billion in peak revenues by 2030.
Bears say
Neurocrine Biosciences faces significant challenges that could adversely impact its stock outlook, particularly due to increasing competition in key markets. The company’s leading product, Ingrezza, is at risk of stagnating sales growth as competition intensifies, and the market dynamics for Huntington's disease-related treatments are limited, already served by two approved alternatives. Additionally, the anticipated competitive pressures from pricing negotiations and new entrants, coupled with mixed clinical trial outcomes for other product candidates, may further threaten revenue stability and long-term growth prospects.
This aggregate rating is based on analysts' research of Neurocrine Biosciences and is not a guaranteed prediction by Public.com or investment advice.
Neurocrine Biosciences (NBIX) Analyst Forecast & Price Prediction
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