Breaking Down Alkermes: 5 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
In the last three months, 5 analysts have updated their ratings on Alkermes (NASDAQ:ALKS), showing a mix of bullish and bearish sentiments. The average 12-month price target has been raised to $38.0, indicating a 7.8% increase from the previous target. Alkermes's financial performance is strong, with a notable revenue growth of 23.89%, a net margin of 29.88%, and an ROE of 8.82%. The company's debt management is prudent with a debt-to-equity ratio of 0.31.
April 09, 2024 | 5:01 pm
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POSITIVE IMPACT
Alkermes has received mixed analyst ratings but an increased average price target, indicating a positive outlook. The company's strong financial performance and prudent debt management are likely to support its stock price.
The increase in the average price target reflects a positive sentiment among analysts, which can influence investor perception and potentially drive the stock price up. The company's strong financial performance, including significant revenue growth and high net margin, further supports a positive short-term impact on the stock price. The prudent debt management indicated by a low debt-to-equity ratio also contributes to a stable financial outlook, making the company an attractive investment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100