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Incyte

INCYNASDAQ
$65.90
0.030.05%
Pre-Market: 8:17 AM EDT
15 minutes delayed
Q2 2024 Earnings in 8 days from now on Tue Jul 30th, before the market open
Consensus Rating1
Buy
Highest Price Target1
$100.00
Lowest Price Target1
$48.00
Consensus Price Target1
$75.67

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Incyte (NASDAQ:INCY) Stock, Analyst Ratings, Price Targets, Forecasts

Incyte Corp has a consensus price target of $75.67 based on the ratings of 24 analysts. The high is $100 issued by Credit Suisse on February 16, 2023. The low is $48 issued by BMO Capital on July 2, 2024. The 3 most-recent analyst ratings were released by BMO Capital, Deutsche Bank, and TD Cowen on July 2, 2024, May 23, 2024, and May 1, 2024, respectively. With an average price target of $61 between BMO Capital, Deutsche Bank, and TD Cowen, there's an implied -7.44% downside for Incyte Corp from these most-recent analyst ratings.

Analyst Trends and Forecast
1
1
Apr
1
May
1
Jun
1
Jul
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.7
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

BMO Capital
Deutsche Bank
TD Cowen
Truist Securities
Oppenheimer

1calculated from analyst ratings

Analyst Ratings for Incyte

Buy NowGet Alert
07/02/2024Buy Now-27.16%BMO Capital
Evan Seigerman
$52 → $48DowngradeMarket Perform → UnderperformGet Alert
06/18/2024Buy NowCantor Fitzgerald
Eric Schmidt
Reiterates → NeutralGet Alert
05/23/2024Buy Now-16.54%Deutsche Bank
James Shin
→ $55Initiates → HoldGet Alert
05/01/2024Buy Now21.4%TD Cowen
Marc Frahm
$88 → $80MaintainsBuyGet Alert
05/01/2024Buy Now25.95%Truist Securities
Srikripa Devarakonda
$84 → $83ReiteratesBuy → BuyGet Alert
05/01/2024Buy Now-21.09%BMO Capital
Evan Seigerman
$56 → $52MaintainsMarket PerformGet Alert
04/24/2024Buy Now27.47%Oppenheimer
Jay Olson
$92 → $84MaintainsOutperformGet Alert
04/23/2024Buy NowCantor Fitzgerald
Eric Schmidt
Initiates → NeutralGet Alert
03/25/2024Buy Now-1.37%RBC Capital
Brian Abrahams
→ $65ReiteratesSector Perform → Sector PerformGet Alert
03/13/2024Buy Now1.67%B of A Securities
Tazeen Ahmad
$69 → $67MaintainsNeutralGet Alert
03/12/2024Buy Now3.19%Stifel
Stephen Willey
→ $68ReiteratesHold → HoldGet Alert
03/12/2024Buy Now-1.37%RBC Capital
Brian Abrahams
→ $65ReiteratesSector Perform → Sector PerformGet Alert
02/23/2024Buy Now22.91%Jefferies
Kelly Shi
→ $81Initiates → BuyGet Alert
02/14/2024Buy NowJMP Securities
Reni Benjamin
DowngradeMarket Outperform → Market PerformGet Alert
02/14/2024Buy Now-2.88%BMO Capital
Evan Seigerman
$58 → $64MaintainsMarket PerformGet Alert
02/14/2024Buy Now22.91%Citigroup
David Lebowitz
$82 → $81MaintainsBuyGet Alert
02/14/2024Buy Now-1.37%RBC Capital
Brian Abrahams
$63 → $65MaintainsSector PerformGet Alert
02/14/2024Buy Now3.19%Stifel
Stephen Willey
$67 → $68MaintainsHoldGet Alert
02/14/2024Buy Now27.47%Truist Securities
Srikripa Devarakonda
$91 → $84MaintainsBuyGet Alert
12/14/2023Buy Now16.84%Mizuho
Mara Goldstein
$82 → $77MaintainsNeutralGet Alert
12/13/2023Buy Now41.12%JMP Securities
Reni Benjamin
→ $93ReiteratesMarket Outperform → Market OutperformGet Alert
12/13/2023Buy Now18.36%Leerink Partners
Andrew Berens
→ $78UpgradeMarket Perform → OutperformGet Alert
12/04/2023Buy NowGuggenheim
Michael Schmidt
UpgradeNeutral → BuyGet Alert
11/29/2023Buy Now38.09%Truist Securities
Srikripa Devarakonda
→ $91ReiteratesBuy → BuyGet Alert
11/22/2023Buy Now-1.37%Goldman Sachs
Salveen Richter
$98 → $65MaintainsNeutralGet Alert
11/21/2023Buy Now-1.37%Goldman Sachs
Salveen Richter
→ $65DowngradeBuy → NeutralGet Alert
11/02/2023Buy Now48.71%Goldman Sachs
Salveen Richter
$114 → $98MaintainsBuyGet Alert
11/01/2023Buy Now-4.4%RBC Capital
Brian Abrahams
$74 → $63MaintainsSector PerformGet Alert
11/01/2023Buy Now-2.88%Morgan Stanley
Vikram Purohit
$74 → $64MaintainsEqual-WeightGet Alert
09/21/2023Buy Now38.09%Truist Securities
Srikripa Devarakonda
→ $91ReiteratesBuy → BuyGet Alert
08/02/2023Buy Now10.77%RBC Capital
Brian Abrahams
$70 → $73MaintainsSector PerformGet Alert
08/02/2023Buy Now15.33%Stifel
Stephen Willey
$73 → $76MaintainsHoldGet Alert
08/02/2023Buy Now12.29%Morgan Stanley
Vikram Purohit
$74 → $74ReiteratesEqual-Weight → Equal-WeightGet Alert
08/02/2023Buy Now41.12%JMP Securities
Reni Benjamin
→ $93ReiteratesMarket Outperform → Market OutperformGet Alert
08/02/2023Buy Now3.19%BMO Capital
Evan Seigerman
$70 → $68MaintainsMarket PerformGet Alert
08/02/2023Buy Now38.09%Truist Securities
Srikripa Devarakonda
$100 → $91MaintainsBuyGet Alert
08/02/2023Buy Now39.61%Oppenheimer
Jay Olson
→ $92ReiteratesOutperform → OutperformGet Alert
07/25/2023Buy Now41.12%JMP Securities
Reni Benjamin
→ $93ReiteratesMarket Outperform → Market OutperformGet Alert
07/25/2023Buy Now24.43%Citigroup
David Lebowitz
→ $82Initiates → BuyGet Alert
07/20/2023Buy Now12.29%Morgan Stanley
Vikram Purohit
$74 → $74ReiteratesUnderweight → UnderweightGet Alert
05/04/2023Buy Now27.47%B of A Securities
Tazeen Ahmad
$93 → $84DowngradeBuy → NeutralGet Alert
05/04/2023Buy Now41.12%JMP Securities
Reni Benjamin
$113 → $93MaintainsOutperformGet Alert
05/03/2023Buy Now6.22%BMO Capital
Evan Seigerman
$75 → $70MaintainsMarket PerformGet Alert
05/03/2023Buy Now41.12%TD Cowen
Marc Frahm
$100 → $93MaintainsOutperformGet Alert
05/03/2023Buy Now6.22%RBC Capital
Brian Abrahams
$79 → $70MaintainsSector PerformGet Alert
05/03/2023Buy Now12.29%Morgan Stanley
Vikram Purohit
$77 → $74MaintainsUnderweightGet Alert
05/03/2023Buy Now10.77%Stifel
Stephen Willey
$80 → $73MaintainsHoldGet Alert
05/03/2023Buy Now24.43%Mizuho
Mara Goldstein
$95 → $82MaintainsNeutralGet Alert
04/19/2023Buy Now71.47%JMP Securities
Reni Benjamin
→ $113Reiterates → Market OutperformGet Alert
04/12/2023Buy Now16.84%Morgan Stanley
Vikram Purohit
$76 → $77MaintainsEqual-WeightGet Alert
04/10/2023Buy Now19.88%RBC Capital
Brian Abrahams
$81 → $79DowngradeOutperform → Sector PerformGet Alert
03/28/2023Buy Now71.47%JMP Securities
Reni Benjamin
→ $113Reiterates → Market OutperformGet Alert
03/20/2023Buy Now-8.95%SVB Leerink
Andrew Berens
$63 → $60MaintainsUnderperformGet Alert
03/07/2023Buy Now71.47%JMP Securities
Reni Benjamin
→ $113Reiterates → Market OutperformGet Alert
02/16/2023Buy Now51.75%Credit Suisse
Srikripa Devarakonda
$95 → $100MaintainsBuyGet Alert
02/13/2023Buy Now71.47%JMP Securities
Reni Benjamin
→ $113Reiterates → Market OutperformGet Alert
02/08/2023Buy Now51.75%Cowen & Co.
Marc Frahm
$95 → $100MaintainsOutperformGet Alert
02/08/2023Buy Now51.75%Piper Sandler
Allison Bratzel
→ $100MaintainsOverweightGet Alert
02/08/2023Buy Now21.4%JP Morgan
Jessica Fye
$82 → $80MaintainsNeutralGet Alert
02/08/2023Buy Now44.16%Mizuho
Mara Goldstein
→ $95MaintainsNeutralGet Alert
02/08/2023Buy Now-4.4%SVB Leerink
Andrew Berens
→ $63Reiterates → UnderperformGet Alert
02/06/2023Buy Now71.47%JMP Securities
Reni Benjamin
→ $113Reiterates → Market OutperformGet Alert
01/31/2023Buy Now51.75%Piper Sandler
Allison Bratzel
→ $100Initiates → OverweightGet Alert
01/03/2023Buy Now13.81%Wells Fargo
Derek Archila
$72 → $75MaintainsEqual-WeightGet Alert
11/02/2022Buy Now24.43%RBC Capital
Brian Abrahams
$77 → $82MaintainsOutperformGet Alert
11/02/2022Buy Now16.84%Morgan Stanley
Vikram Purohit
$76 → $77MaintainsEqual-WeightGet Alert
10/24/2022Buy Now21.4%JP Morgan
Jessica Fye
$86 → $80MaintainsNeutralGet Alert
10/18/2022Buy Now13.81%Wells Fargo
Derek Archila
$76 → $75MaintainsEqual-WeightGet Alert
08/03/2022Buy Now18.36%Evercore ISI Group
Maneka Mirchandaney
$90 → $78DowngradeOutperform → In-LineGet Alert
08/03/2022Buy Now15.33%Morgan Stanley
Vikram Purohit
$77 → $76MaintainsEqual-WeightGet Alert
08/03/2022Buy NowGuggenheim
Michael Schmidt
DowngradeBuy → NeutralGet Alert
07/28/2022Buy Now15.33%Wells Fargo
Derek Archila
→ $76Initiates → Equal-WeightGet Alert
07/20/2022Buy Now-4.4%SVB Leerink
Andrew Berens
$58 → $63MaintainsUnderperformGet Alert
05/05/2022Buy Now16.84%Morgan Stanley
Vikram Purohit
$76 → $77MaintainsEqual-WeightGet Alert
05/04/2022Buy Now33.54%RBC Capital
Brian Abrahams
$89 → $88MaintainsOutperformGet Alert
05/04/2022Buy Now-11.99%SVB Leerink
Andrew Berens
$56 → $58MaintainsUnderperformGet Alert
04/20/2022Buy Now15.33%Morgan Stanley
Vikram Purohit
$73 → $76MaintainsEqual-WeightGet Alert
02/09/2022Buy Now-15.02%SVB Leerink
Andrew Berens
$60 → $56DowngradeMarket Perform → UnderperformGet Alert
02/02/2022Buy Now15.33%Morgan Stanley
Vikram Purohit
$77 → $76MaintainsEqual-WeightGet Alert
01/18/2022Buy Now36.57%RBC Capital
Brian Abrahams
$78 → $90UpgradeSector Perform → OutperformGet Alert
11/19/2021Buy Now13.81%BMO Capital
Evan Seigerman
Initiates → Market PerformGet Alert
11/04/2021Buy Now63.88%JMP Securities
Reni Benjamin
MaintainsMarket OutperformGet Alert
11/03/2021Buy Now65.4%Oppenheimer
Jay Olson
MaintainsOutperformGet Alert
09/23/2021Buy Now21.4%Morgan Stanley
Vikram Purohit
MaintainsEqual-WeightGet Alert
09/23/2021Buy Now30.5%RBC Capital
Brian Abrahams
MaintainsSector PerformGet Alert
09/23/2021Buy Now0.15%SVB Leerink
Andrew Berens
UpgradeUnderperform → Market PerformGet Alert
08/04/2021Buy Now1.67%SVB Leerink
Andrew Berens
MaintainsUnderperformGet Alert

FAQ

Q

What is the target price for Incyte (INCY) stock?

A

The latest price target for Incyte (NASDAQ:INCY) was reported by BMO Capital on July 2, 2024. The analyst firm set a price target for $48.00 expecting INCY to fall to within 12 months (a possible -27.16% downside). 39 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Incyte (INCY)?

A

The latest analyst rating for Incyte (NASDAQ:INCY) was provided by BMO Capital, and Incyte downgraded their underperform rating.

Q

When was the last upgrade for Incyte (INCY)?

A

The last upgrade for Incyte Corp happened on December 13, 2023 when Leerink Partners raised their price target to $78. Leerink Partners previously had a market perform for Incyte Corp.

Q

When was the last downgrade for Incyte (INCY)?

A

The last downgrade for Incyte Corp happened on July 2, 2024 when BMO Capital changed their price target from $52 to $48 for Incyte Corp.

Q

When is the next analyst rating going to be posted or updated for Incyte (INCY)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Incyte, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Incyte was filed on July 2, 2024 so you should expect the next rating to be made available sometime around July 2, 2025.

Q

Is the Analyst Rating Incyte (INCY) correct?

A

While ratings are subjective and will change, the latest Incyte (INCY) rating was a downgraded with a price target of $52.00 to $48.00. The current price Incyte (INCY) is trading at is $65.90, which is out of the analyst’s predicted range.

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