Gilead Sciences (GILD) PT Raised to $115 at BMO Capital; 'More Growth Coming in 25'

BMO Capital analyst Evan David Seigerman raised the price target on Gilead Sciences (NASDAQ: GILD) to $115.00 (from $110.00) while maintaining an Outperform rating.

The analyst commented: "IRA Headwinds Not Enough to Slow Down GILD — More Growth Coming in 25; A solid end to 2024 positions Gilead strong into 2025 with a focus on the launch of long-acting PrEP. Momentum is strong with ~16% YoY growth in the PrEP market, pointing to continued dominance in the space. The Gilead upside story is achievable, even with headwinds from Part D reform, FX, and lower Veklury sales. We're further encouraged with Trodelvy (+24% YoY) outperformance and the newly launched Livdelzi. In the world of BioPharma, Gilead's topline growth of 5–6% and growing dividend at a reasonable P/E support our OP rating."

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