Beyond The Numbers: 8 Analysts Discuss Teva Pharmaceutical Indus Stock
Portfolio Pulse from Benzinga Insights
Over the last three months, 8 analysts have provided diverse opinions on Teva Pharmaceutical Industries (NYSE:TEVA), with recent ratings ranging from bullish to bearish. The average 12-month price target for TEVA has been raised to $14.25, marking a 24.67% increase from the previous average of $11.43. Analysts from firms including Piper Sandler, Goldman Sachs, Barclays, Jefferies, HSBC, and UBS have adjusted their ratings and price targets, reflecting a generally positive outlook on the company. Teva, a leading generic drug manufacturer, has shown a positive revenue trend with a growth rate of 15.77% as of December 31, 2023, and has outperformed in net margin and ROE, despite a high debt-to-equity ratio.
February 12, 2024 | 12:01 pm
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Teva Pharmaceutical Industries has received updated analyst ratings and price targets, with an average 12-month price target increase to $14.25. The company has demonstrated strong financial performance, including a revenue growth rate of 15.77% and a high net margin.
The positive adjustment in analyst ratings and price targets for TEVA, combined with its strong financial performance indicators such as revenue growth and net margin, suggest a bullish outlook for the stock in the short term. The consensus among analysts indicates confidence in the company's ability to maintain its market position and financial health, which is likely to positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100