Exelixis Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for Exelixis stock have an average target of 26.64, with a low estimate of 18 and a high estimate of 32. The average target predicts an increase of 20.27% from the current stock price of 22.15.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$18	$26.64	$27	$32
Change	-18.74%	+20.27%	+21.90%	+44.47%

* Price targets were last updated on May 14, 2024.

Analyst Ratings

The average analyst rating for Exelixis stock from 14 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	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	6	6	6	6	6	6
Buy	7	7	7	4	3	3
Hold	3	3	3	4	5	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	16	16	16	14	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sudan Loganathan Stephens & Co.	Stephens & Co.	Hold Initiates $23	Hold	Initiates	$23	+3.84%	May 14, 2024
Robert Burns HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $28	Strong Buy	Reiterates	$28	+26.41%	May 3, 2024
Yaron Werber TD Cowen	TD Cowen	Strong Buy Maintains $25 → $27	Strong Buy	Maintains	$25 → $27	+21.90%	May 1, 2024
Peter Lawson Barclays	Barclays	Buy → Hold Downgrades $25	Buy → Hold	Downgrades	$25	+12.87%	Apr 11, 2024
Silvan Tuerkcan JMP Securities	JMP Securities	Buy Reiterates $27	Buy	Reiterates	$27	+21.90%	Apr 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.91B

from 1.83B

4.58%

from 1.83B

Revenue Next Year

2.10B

from 1.91B

9.87%

from 1.91B

EPS This Year

1.15

from 0.65

76.70%

from 0.65

EPS Next Year

1.51

from 1.15

31.04%

from 1.15

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	967.78M	987.54M	1.43B	1.61B	1.83B	1.91B	2.10B	2.33B	2.59B	2.73B
Revenue Growth	13.35%	2.04%	45.31%	12.27%	13.60%	4.58%	9.87%	10.89%	11.02%	5.45%
EPS	1.02	0.35	0.72	0.56	0.65	1.15	1.51	1.91	2.55	2.92
EPS Growth	-53.85%	-65.69%	105.71%	-22.22%	16.07%	76.70%	31.04%	27.19%	33.38%	14.29%
Forward PE	-	-	-	-	-	19.29	14.72	11.57	8.67	7.59
No. Analysts	-	-	-	-	-	24	23	17	11	11

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	2.0B	2.4B	2.8B	3.1B	4.2B
Avg	1.9B	2.1B	2.3B	2.6B	2.7B
Low	1.7B	1.8B	2.0B	2.1B	2.0B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	11.5%	24.2%	30.9%	32.8%	63.8%
Avg	4.6%	9.9%	10.9%	11.0%	5.4%
Low	-4.7%	-3.4%	-4.1%	-9.3%	-21.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.32	2.05	2.99	3.98	4.74
Avg	1.15	1.51	1.91	2.55	2.92
Low	0.92	1.03	1.22	1.49	1.53

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	103.5%	78.3%	98.8%	107.9%	85.5%
Avg	76.7%	31.0%	27.2%	33.4%	14.3%
Low	41.7%	-10.4%	-19.3%	-22.2%	-40.1%

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.