AstraZeneca Targets Ambitious $80B In Total Revenue By 2030 Through Pipeline Expansion
Portfolio Pulse from Vandana Singh
AstraZeneca (NASDAQ: AZN) has announced an ambitious plan to increase its total revenue to $80 billion by 2030, up from $45.8 billion in 2023. The growth will be driven by expanding its oncology, biopharmaceuticals, and rare disease portfolios, and introducing 20 new medicines by the end of the decade. The company will also invest in transformative technologies and platforms to sustain growth beyond 2030. AstraZeneca aims to achieve a mid-30s percentage core operating margin by 2026 and maintain it post-2026. Analysts have mixed views on the revenue target, with some seeing a 20% upside to the 2030 consensus.
May 21, 2024 | 11:16 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AstraZeneca aims to increase its revenue to $80 billion by 2030, driven by an expanded pipeline and new medicines. The company will also invest in new technologies to sustain growth beyond 2030. Analysts see a potential 20% upside to the 2030 consensus.
AstraZeneca's ambitious revenue target and strategic investments in new medicines and technologies are likely to positively impact its stock price in the short term. The company's clear growth plan and analyst expectations of a 20% upside add to the positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100