Bank of America Merrill Lynch Galapagos (Neutral) PT EUR 77
23 februari 2021
BofA Securities analyst Jason Gerberry upgraded Galapagos from Underperform to Neutral with a price target of EUR 77.00 ($94)
Rating Change - Upgrade to Neutral: more balanced setup following most recent sell-off.
Sanford Bernstein Galapagos (Market perform) PT EUR 67
Op 22 februari 2021 hebben de analisten van Sanford Bernstein hun beleggingsadvies voor Galapagos herhaald.
Het advies van Sanford Bernstein voor Galapagos blijft "market perform".
Het koersdoel wordt door Sanford Bernstein verlaagd van 85,00 EUR naar 67,00 EUR.
Credit Suisse Galapagos (Neutral) PT EUR 69
Op 22 februari 2021 hebben de analisten van Credit Suisse hun beleggingsadvies voor Galapagos herhaald.
Het advies van Credit Suisse voor Galapagos blijft "neutraal".
Het koersdoel wordt door Credit Suisse verlaagd van 78,00 EUR naar 69,00 EUR.
RBC Galapagos (Sector perform)
Op 22 februari 2021 hebben de analisten van RBC hun beleggingsadvies voor Galapagos herhaald.
Het advies van RBC voor Galapagos blijft "sector perform".
De analisten legden geen koersdoel vast.
Raymond James Galapagos (Outperform) PT $100
As previously reported, Raymond James analyst Dane Leone upgraded Galapagos to Outperform from Market Perform with a $100 price target on the ADR.
He sees the stock's "heavily discounted" valuation being due to "a string of disappointing outcomes with their late stage pipeline over the past 12 months," including the failure of the ziritaxestat program, but Leone thinks the company will likely be able to generate modest sales outside the U.S. with Jyseleca and notes that its pipeline retains earlier stage programs such as the SIK2/3 programs and TYK2 compound. "Rarely do you see a +$5B market cap company with mature research capabilities trade at a negative enterprise value on clinical trial failures," as has been the case with Galapagos, said Leone, who adds that he thinks the company should trade at a positive EV within the $500M-$1B range as s management works to right-size its cash burn rate and refocus the development pipeline.