BofA Securities analyst Jason Gerberry maintains $Alkermes (ALKS.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 46.9% and a total average return of 2.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alkermes (ALKS.US)$'s main analysts recently are as follows:
A revision in the biotech sector's comparative analysis has led to the expectation of a higher valuation multiple, which has influenced the updated outlook on Alkermes. In anticipation of new data in the year 2025, there is a particular interest in the Phase 2 updates concerning narcolepsy treatments from Alkermes and Centessa.
The firm's revised outlook on Alkermes is based on an updated forecast and a sum-of-the-parts analysis. The focus of investor discussions is increasingly turning to ALKS 2680, due to its prospects of significantly impacting the $10 billion branded narcolepsy and idiopathic hypersomnia markets, particularly as the Phase 2 results are anticipated in the second half of 2025.
Note:
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