Skip to main content

Market Overview

Jefferies & Company Reports on Alkermes

Share:

In a report released today, Jefferies & Company commented on Alkermes (NASDAQ: ALKS). In the report, Jefferies was mixed in its assessment of the company.

Jefferies writes, “Alkermes is making investments to build a long term, sustainably profitable company. The EDT acquisition diversifies the revenue stream and makes the company profitable. While today's financial guidance is weaker than expected on higher R&D expense, revenue growth is respectable. Management believes R&D investments now will pay off down the road in the form of partnerships and product approvals. We forecast Consta sales over the next four years to be roughly flat from its current level. Risks: 1) Pipeline setbacks pose headline risk, 2) Bydureon non-approval, 3) EDT integration issues.”

Jefferies currently has a Hold rating on Alkermes and a price target of $19. Shares of ALKS closed the trading day at $17.95, up from $17.67 at open.

 

Related Articles (ALKS)

View Comments and Join the Discussion!

Posted-In: alkermes Jefferies & CompanyAnalyst Color Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com