Jan. 7 at 4:28 PM
$LEGN $STOCKTWITS Oppenheimer's Review of Legend Biotech
Current Rating and Price Target
Rating: Outperform
Price Target:
$75
Oppenheimer has initiated coverage of Legend Biotech, highlighting its potential for growth. The firm believes that Legend is currently undervalued compared to its peers.
Key Product
Product: Carvykti
Indication: Multiple myeloma
Carvykti is a CAR-T therapy that has shown strong sales performance, surpassing other CAR-T products. Oppenheimer expects this product to drive Legend Biotech towards profitability in 2026.
Market Position
Despite market concerns affecting Legend's stock price, Oppenheimer's analysis suggests that the company is well-positioned for future success. The firm emphasizes that the current trading price is near its all-time low, indicating a potential for recovery and growth.
This review reflects Oppenheimer's confidence in Legend Biotech's capabilities and market potential, particularly with its leading product, Carvykti.