Biogen BIIB.O raised its annual profit forecast and beat estimates for quarterly results on Thursday, as strong demand for its rare disease drugs largely countered declining sales of its older multiple sclerosis treatments
GROWTH CATALYSTS NEEDED
Piper Sandler ("neutral", PT: $115) says even though Biogen's product pipeline is advancing, it's still far from driving sustainable revenue growth
Oppenheimer ("outperform", PT: $205) sees rare disease as a future growth driver with stable Spinraza demand and positive trends for Skyclarys launch
Jefferies ("hold", PT: $130) says "the big picture reality is to get this stock significantly higher - they need positive Phase III pipeline catalyst readouts and a big new shiny thing to get investors 're-engaged' to drive investor confidence"
Morningstar (fair value: $220) expects Biogen's financial outlook to remain unaffected by tariff constraints in 2025 due to its high inventory levels