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Biogen Inc has a consensus price target of $263.75 based on the ratings of 25 analysts. The high is $342 issued by HSBC on May 3, 2024. The low is $180 issued by Barclays on October 31, 2024. The 3 most-recent analyst ratings were released by JP Morgan, Oppenheimer, and Barclays on November 4, 2024, October 31, 2024, and October 31, 2024, respectively. With an average price target of $215 between JP Morgan, Oppenheimer, and Barclays, there's an implied 29.91% upside for Biogen Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Biogen (NASDAQ:BIIB) was reported by JP Morgan on November 4, 2024. The analyst firm set a price target for $210.00 expecting BIIB to rise to within 12 months (a possible 26.89% upside). 73 analyst firms have reported ratings in the last year.
The latest analyst rating for Biogen (NASDAQ:BIIB) was provided by JP Morgan, and Biogen maintained their neutral rating.
The last upgrade for Biogen Inc happened on December 7, 2023 when Raymond James raised their price target to $283. Raymond James previously had a market perform for Biogen Inc.
The last downgrade for Biogen Inc happened on October 31, 2024 when Morgan Stanley changed their price target from $285 to $204 for Biogen Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Biogen, 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 Biogen was filed on November 4, 2024 so you should expect the next rating to be made available sometime around November 4, 2025.
While ratings are subjective and will change, the latest Biogen (BIIB) rating was a maintained with a price target of $220.00 to $210.00. The current price Biogen (BIIB) is trading at is $165.50, which is out of the analyst’s predicted range.
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