Incyte Corporation (INCY)
NASDAQ: INCY · IEX Real-Time Price · USD
59.02
-1.85 (-3.04%)
At close: Jul 2, 2024, 4:00 PM
59.05
+0.03 (0.05%)
After-hours: Jul 2, 2024, 7:46 PM EDT
Incyte Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Incyte stock have an average target of 71.14, with a low estimate of 48 and a high estimate of 84. The average target predicts an increase of 20.54% from the current stock price of 59.02.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Incyte stock from 17 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 | 4 | 4 | 4 | 5 | 5 | 5 |
| Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Hold | 8 | 8 | 9 | 10 | 10 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 16 | 17 | 17 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Hold → Sell Downgrades $52 → $48 | Hold → Sell | Downgrades | $52 → $48 | -18.67% | Jul 2, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Jun 18, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Initiates $55 | Hold | Initiates | $55 | -6.81% | May 23, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $88 → $80 | Strong Buy | Maintains | $88 → $80 | +35.55% | May 1, 2024 |
| Truist Securities | Truist Securities | Strong Buy Reiterates $84 → $83 | Strong Buy | Reiterates | $84 → $83 | +40.63% | May 1, 2024 |
Financial Forecast
Revenue This Year
4.17B
from 3.70B
Increased by 12.84%
Revenue Next Year
4.62B
from 4.17B
Increased by 10.77%
EPS This Year
4.38
from 2.65
Increased by 65.43%
EPS Next Year
5.45
from 4.38
Increased by 24.38%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.5B | 5.0B | 5.6B | 6.4B | 7.1B |
| Avg | 4.2B | 4.6B | 5.1B | 5.5B | 5.7B |
| Low | 3.8B | 4.1B | 4.4B | 4.7B | 4.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.7% | 20.5% | 22.0% | 26.2% | 29.1% |
| Avg | 12.8% | 10.8% | 10.2% | 8.5% | 3.7% |
| Low | 2.7% | -1.7% | -4.7% | -8.3% | -18.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.05 | 7.28 | 8.56 | 10.16 | 10.74 |
| Avg | 4.38 | 5.45 | 6.58 | 7.39 | 8.01 |
| Low | 3.75 | 4.36 | 4.90 | 5.34 | 5.78 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 90.6% | 66.0% | 56.9% | 54.5% | 45.4% |
| Avg | 65.4% | 24.4% | 20.6% | 12.3% | 8.4% |
| Low | 41.6% | -0.5% | -10.1% | -18.8% | -21.8% |
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.