
Neurocrine Biosciences (NBIX) Stock Forecast & Price Target
Neurocrine Biosciences (NBIX) Analyst Ratings
Bulls say
Neurocrine Biosciences is expanding its revenue mix through the acquisition of Soleno Therapeutics, which brings the FDA-approved treatment Vykat XR for Prader-Willi Syndrome (PWS) to its portfolio. This move is expected to be immediately accretive to both revenue and non-GAAP EPS, and the company plans to use a mix of cash and debt to finance the transaction. Additionally, Vykat XR's KATP channel mechanism offers potential for expansion into other hyperphagic obesity markets, providing long-term growth potential.
Bears say
Neurocrine Biosciences is making an acquisition that adds significant debt and is dilutive to their earnings in the short term, and there are uncertainties about the potential of the acquired drug, Vykat XR. Additionally, the company's current revenue driver, Ingrezza, is facing increasing competition and pricing pressure, which could lead to revenue declines. The company may also face risks related to clinical trials, regulatory approvals, and intellectual property, among others. Based on these factors, the company may struggle to outperform in the biotech sector in the current market environment, and we recommend a negative outlook on the stock.
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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