CCORF analyst Whitney Ijem maintains $Vertex Pharmaceuticals (VRTX.US)$ with a sell rating, and adjusts the target price from $361 to $408.
According to TipRanks data, the analyst has a success rate of 45.7% and a total average return of 5.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Vertex Pharmaceuticals (VRTX.US)$'s main analysts recently are as follows:
Following Vertex Pharmaceuticals' third-quarter results surpassing consensus estimates and the upward adjustment of its 2024 revenue forecast by approximately 1% at the midpoint, anticipation is building for the forthcoming suzetrigine Phase 2 lumbosacral radiculopathy data, which is projected to be released by the end of the year.
The company's robust performance in cystic fibrosis, which surpassed expectations, underscores the ongoing strength of its central business line, potentially supporting the stock's elevated valuation. However, caution is advised as the approach to FY25 might present more complexities compared to FY24. The forthcoming LSR data on suzetregine is anticipated to meet efficacy expectations, though it may not generate significant enthusiasm. Additionally, launches in the acute pain segment and for Casgevy are expected to progress at a gradual pace.
Note:
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