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Submission: On January 31 via api from BE — Scanned from DE
Submission: On January 31 via api from BE — Scanned from DE
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Menu icon A vertical stack of three evenly spaced horizontal lines. Business Insider logo The words "Business Insider" Markets Insider logo The word "Markets Insider". Search markets Search icon A magnifying glass. It indicates, "Click to perform a search". My Watchlist Markets Stocks Indices Commodities Cryptocurrencies Currencies ETFs News Calendar icon An icon in the shape of a calendar. Economic Earnings Search markets Search icon A magnifying glass. It indicates, "Click to perform a search". Search icon A magnifying glass. It indicates, "Click to perform a search". Markets Insider logo The word "Markets Insider". Close icon Two crossed lines that form an 'X'. 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It indicates a way to close an interaction, or dismiss a notification. * Home * Stocks * Alkermes-stock * News for Alkermes Alkermes * Buy Rating Affirmed on Alkermes’s Stock Amid Strong Earnings and Positive 2024 Outlook BUY RATING AFFIRMED ON ALKERMES’S STOCK AMID STRONG EARNINGS AND POSITIVE 2024 OUTLOOK TipRanks Jan. 25, 2024, 11:48 PM Uy Ear, an analyst from Mizuho Securities, maintained the Buy rating on Alkermes (ALKS – Research Report). The associated price target is $35.00. Uy Ear of Mizuho Securities has given a Buy rating to Alkermes’s stock based on an anticipated earnings beat and positive 2024 guidance expectations. For the fourth quarter of 2023, Ear expects Alkermes to surpass consensus estimates on both revenue and earnings per share, primarily due to strong manufacturing and royalty revenues. Although there may be some softness in sales of proprietary products like Vivitrol, Aristada, and Lybalvi, this has been foreseen through weekly prescription volume data. Ear maintains confidence in the stock with an unchanged price target of $35 following a comprehensive model update. Looking ahead to 2024, the analyst projects that Alkermes will exceed consensus revenue and non-GAAP earnings per share estimates. This outlook is bolstered by management’s accelerated profitability targets and a commitment to a roughly 30% EBITDA margin, which were initially set to be achieved later. Despite the stock’s underperformance and investor skepticism regarding the feasibility of these targets, Ear believes that the strong guidance provided by Alkermes, especially for their proprietary products, suggests potential for an earnings upside. Hence, the sustained Buy rating reflects an anticipation of Alkermes’s ability to outperform market expectations and achieve their profitability goals. Ear covers the Healthcare sector, focusing on stocks such as Arcutis Biotherapeutics, ACADIA Pharmaceuticals, and Neurocrine. According to TipRanks, Ear has an average return of 4.1% and a 41.09% success rate on recommended stocks. In another report released on January 16, Piper Sandler also reiterated a Buy rating on the stock with a $35.00 price target. See today’s best-performing stocks on TipRanks >> TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today. Alkermes (ALKS) Company Description: Alkermes Plc is a biopharmaceutical company, which engages in the development, research, and commercialization of medicines that are designed to address unmet medical needs of patients in major therapeutic areas. Its products include Aristada, which is used for the treatment of schizophrenia in adults; and Vivitrol, which is an injectable medication for the treatment of alcohol dependence and for the prevention of relapse to opioid dependence, following opioid detoxification. The company was founded on May 4, 2011 and is headquartered in Dublin, Ireland. Read More on ALKS: * Alkermes reports results from Phase 3 study of LYBALVI * Alkermes price target raised to $29 from $27 at BofA * Alkermes, Armstrong World, National Healthcare, PJT Partners to join S&P 600 * Alkermes to sell manufacturing facility in Ireland to Novo Nordisk for $92.5M * Alkermes weakness on Jazz pause a buying opportunity, says Mizuho SHARE THIS POST FACEBOOK TWITTER EMAIL COPY LINK ALKERMES NEWSMORE Alkermes Buy Rating Affirmed: Profitability and Expansion in Neuroscience Poised for Growth TipRanks 1d Buy Rating Affirmed on Alkermes’s Stock Amid Strong Earnings and Positive 2024 Outlook TipRanks 5d The 3 Most Undervalued Biotech Stocks to Buy in January InvestorPlace 15d Alkermes Poised for Growth: Strong Sales and Promising Pipeline Justify Buy Rating TipRanks 20d Alkermes: Strong Buy Rating Amidst Robust 2024 Outlook and Promising OX2 Franchise Prospects TipRanks 22d Alkermes Reports Results From Long-Term Safety And Durability Of Treatment Effect Study Of LYBALVI RTTNews 28d Analysts Offer Insights on Healthcare Companies: Green Thumb Industries (OtherGTBIF), Alkermes (ALKS) and Zealand Pharma (OtherZLDPF) TipRanks 28d Decoding 5 Analyst Evaluations For Alkermes Benzinga 28d Start Trading >> Plus500. 81% of retail CFD accounts lose money Your Market View Name Price +/- % Date TSLA 186.70 -4.89 -2.55 Official Close 1/30/2024 AAPL 187.39 -0.65 -0.35 Official Close 1/30/2024 MSFT 407.65 -0.94 -0.23 Official Close 1/30/2024 NFLX 561.75 -1.10 -0.20 Official Close 1/30/2024 SPOT 217.00 -0.58 -0.27 Official Close 1/30/2024 RELATED STOCKS ALKS 27.41 -0.90 (-3.18%) 1/30/2024 Disclaimer Get real-time ALKS charts here >> Find News News GO Follow us on: See also: Indices * Dow Jones * S&P 500 * Nasdaq 100 * Nasdaq Composite * FTSE 100 * Nikkei 225 * DAX 40 * Hang Seng * Kospi * S&P TSX Composite Index * ASX * US Dollar Index * Stock Indices * Dow Futures * Dow Jones Market Movers Commodities * Gold Price * Oil Price * Silver Price * Copper Price * Cotton Price * Heating Oil Price * Aluminum Price * Natural Gas Price * Realtime Commodity Prices Currencies * EURO DOLLAR * Bitcoin Price * ETH USD * CAD USD * PESO USD * POUND USD * USD INR * Currency Converter * Exchange Rates Stocks * Google Stock * Meta Stock * Amazon Stock * Tesla Stock * Dow-Stock * Premarket * Stock Market News See more - Explore more categories * *© 2024 Insider Inc. and finanzen.net GmbH (Imprint). 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