Regeneron Pharma (REGN) PT Raised to $750 at Cowen
Get Alerts REGN Hot Sheet
Price: $890.68 -1.75%
Rating Summary:
29 Buy, 13 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
29 Buy, 13 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Cowen analyst Tyler Van Buren raised the price target on Regeneron Pharma (NASDAQ: REGN) to $750.00 (from $655.00) while maintaining a Market Perform rating.
The analyst commented, "In conjunction with the Cowen Biotech team's Q3 earnings preview, we are updating our REGN model. Q3 revenue is virtually unchanged, but OpEx was increased resulting in our new EPS est of $10.10. More importantly, we are increasing our out-year Eylea ests following the recent HD Eylea data to reflect a ~20% decline by 2026 (-35% prior). This results in an increase in our PT to $750 from $655."
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