Alkermes Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Alkermes stock have an average target of 36.3, with a low estimate of 25 and a high estimate of 50. The average target predicts an increase of 46.19% from the current stock price of 24.83.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$25	$36.3	$35	$50
Change	+0.68%	+46.19%	+40.96%	+101.37%

Analyst Ratings

The average analyst rating for Alkermes stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	1	1	2	2	3	3
Buy	2	3	3	4	4	4
Hold	4	4	4	4	3	3
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	8	9	10	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jessica Fye JP Morgan	JP Morgan	Hold Maintains $32 → $31	Hold	Maintains	$32 → $31	+24.85%	Jul 15, 2024
Joseph Thome TD Cowen	TD Cowen	Strong Buy Initiates $34	Strong Buy	Initiates	$34	+36.93%	Jun 17, 2024
Douglas Tsao HC Wainwright & Co.	HC Wainwright & Co.	Hold Reiterates $35	Hold	Reiterates	$35	+40.96%	Jun 4, 2024
Charles Duncan Cantor Fitzgerald	Cantor Fitzgerald	Buy Maintains $43 → $48	Buy	Maintains	$43 → $48	+93.31%	May 23, 2024
Douglas Tsao HC Wainwright & Co.	HC Wainwright & Co.	Hold Reiterates $35	Hold	Reiterates	$35	+40.96%	May 2, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.53B

from 1.66B

-7.96%

from 1.66B

Revenue Next Year

1.53B

from 1.53B

0.07%

from 1.53B

EPS This Year

2.74

from 2.10

30.47%

from 2.10

EPS Next Year

2.65

from 2.74

-3.45%

from 2.74

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	1.17B	1.04B	1.17B	1.11B	1.66B	1.53B	1.53B	1.60B	1.51B	1.51B
Revenue Growth	7.01%	-11.29%	13.00%	-5.28%	49.61%	-7.96%	0.07%	4.63%	-5.86%	-0.20%
EPS	-1.25	-0.70	-0.29	-0.97	2.10	2.74	2.65	2.74	2.47	2.34
EPS Growth	-	-	-	-	-	30.47%	-3.45%	3.39%	-9.82%	-5.09%
Forward PE	-	-	-	-	-	9.06	9.39	9.08	10.07	10.61
No. Analysts	-	-	-	-	-	14	14	12	7	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.6B	1.7B	1.9B	1.7B	1.7B
Avg	1.5B	1.5B	1.6B	1.5B	1.5B
Low	1.4B	1.4B	1.4B	1.3B	1.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-2.4%	11.6%	22.4%	5.1%	13.6%
Avg	-8.0%	0.1%	4.6%	-5.9%	-0.2%
Low	-16.0%	-8.6%	-5.4%	-17.2%	-11.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.12	3.29	3.62	2.76	2.89
Avg	2.74	2.65	2.74	2.47	2.34
Low	2.21	2.35	2.13	1.97	1.47

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	48.5%	19.9%	36.9%	1.0%	17.1%
Avg	30.5%	-3.4%	3.4%	-9.8%	-5.1%
Low	5.5%	-14.2%	-19.6%	-28.0%	-40.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.