Key Takeaways From Legend Biotech Analyst Ratings
Portfolio Pulse from Benzinga Insights
Legend Biotech (NASDAQ:LEGN) received 4 analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 1 indifferent. The 12-month price targets from these analysts average $82.75, with a high of $93.00 and a low of $65.00. The current average shows a 5.61% decline from the prior average. Legend Biotech is a clinical-stage biopharmaceutical company with a lead CAR T cell therapy product for multiple myeloma. The company has shown a revenue growth rate of 250.91% as of September 30, 2023, but faces challenges with a net margin of -64.79%, ROE of -4.53%, and ROA of -3.3%. Its debt-to-equity ratio is 0.24, below industry norms.
December 19, 2023 | 5:00 pm
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POSITIVE IMPACT
Legend Biotech has received mostly positive analyst ratings with an average 12-month price target of $82.75. The company's strong revenue growth is a positive sign, but profitability and efficiency concerns persist.
The positive analyst ratings and high revenue growth rate are likely to be seen as bullish indicators by investors, potentially leading to a short-term increase in stock price. However, the concerns regarding profitability and efficiency could temper the gains, suggesting a cautious optimism.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100