On January 31, 2023, Piper Sandler initiated coverage of Incyte with a Overweight recommendation.
Analyst Price Forecast Suggests 6.47% Upside
As of January 31, 2023, the average one-year price target for Incyte is $89.06. The forecasts range from a low of $63.63 to a high of $129.15. The average price target represents an increase of 6.47% from its latest reported closing price of $83.65.
The projected annual revenue for Incyte is $3,913MM, an increase of 17.48%. The projected annual EPS is $4.11, an increase of 3.91%.
What are large shareholders doing?
Baker Bros. Advisors holds 36,154,574 shares representing 16.25% ownership of the company. In it’s prior filing, the firm reported owning 36,154,117 shares, representing an increase of 0.00%. The firm increased its portfolio allocation in INCY by 1.26% over the last quarter.
Dodge & Cox holds 19,793,400 shares representing 8.90% ownership of the company. In it’s prior filing, the firm reported owning 20,067,845 shares, representing a decrease of 1.39%. The firm decreased its portfolio allocation in INCY by 5.29% over the last quarter.
DODGX – Dodge & Cox Stock Fund holds 12,219,700 shares representing 5.49% ownership of the company. In it’s prior filing, the firm reported owning 12,195,000 shares, representing an increase of 0.20%. The firm decreased its portfolio allocation in INCY by 5.35% over the last quarter.
Wellington Management Group Llp holds 10,322,426 shares representing 4.64% ownership of the company. In it’s prior filing, the firm reported owning 10,154,451 shares, representing an increase of 1.63%. The firm decreased its portfolio allocation in INCY by 86.89% over the last quarter.
Royal Bank Of Canada holds 9,206,851 shares representing 4.14% ownership of the company. In it’s prior filing, the firm reported owning 9,150,663 shares, representing an increase of 0.61%. The firm decreased its portfolio allocation in INCY by 5.72% over the last quarter.
Fund Sentiment
There are 1221 funds or institutions reporting positions in Incyte. This is an increase of 32 owner(s) or 2.69%.
Average portfolio weight of all funds dedicated to US:INCY is 0.2212%, a decrease of 3.4287%. Total shares owned by institutions increased in the last three months by 1.51% to 239,284K shares.
Incyte Background Information
(This description is provided by the company.)
Incyte is a Wilmington, Delaware-based, global biopharmaceutical company focused on finding solutions for serious unmet medical needs through the discovery, development and commercialization of proprietary therapeutics.
This article originally appeared on Fintel
Top Gaining Stocks
Top Losing Stocks