
Rigel Pharmaceuticals (RIGL) Stock Forecast & Price Target
Rigel Pharmaceuticals (RIGL) Analyst Ratings
Bulls say
Rigel Pharmaceuticals is one such company that has licensed its lead drug candidate for rheumatoid arthritis to AstraZeneca, a major player in pharmaceuticals. This partnership provides Rigel with a steady stream of revenue in the form of royalties and milestone payments, while also reducing development and marketing costs. Additionally, Rigel's pipeline of drugs targeting autoimmune, cancer-related, and viral diseases, including TAVALISSE and GAVRETO, show promise and potential for future growth and success.
Bears say
Rigel Pharmaceuticals is heavily dependent on the commercial success of its rheumatoid arthritis drug licensed to AstraZeneca, and the company's pipeline products have yet to generate significant revenue. Additionally, recent data from ASCO highlights the durability of competitor pralsetinib in treating certain types of cancers, raising concerns about the potential market share for Rigel's cancer drugs. These factors, coupled with a recent reverse stock split and uncertain quarterly EPS, lead to a negative outlook for the company's stock.
This aggregate rating is based on analysts' research of Rigel Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.
Rigel Pharmaceuticals (RIGL) Analyst Forecast & Price Prediction
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