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H.C. Wainwright Reaffirms Their Buy Rating on Legend Biotech (LEGN)

Tipranks - Tipranks - Wed May 13, 5:48AM CDT

H.C. Wainwright analyst Mitchell Kapoor maintained a Buy rating on Legend Biotech today and set a price target of $50.00.

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Kapoor covers the Healthcare sector, focusing on stocks such as Incyte, Ionis Pharmaceuticals, and BioMarin Pharmaceutical. According to TipRanks, Kapoor has an average return of 13.9% and a 44.73% success rate on recommended stocks.

Currently, the analyst consensus on Legend Biotech is a Strong Buy with an average price target of $56.43.

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Based on Legend Biotech’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $307.64 million and a GAAP net loss of $31.03 million. In comparison, last year the company earned a revenue of $186.52 million and had a net profit of $26.28 million

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