
Exelixis (EXEL) Stock Forecast & Price Target
Exelixis (EXEL) Analyst Ratings
Bulls say
Exelixis Inc has demonstrated robust quarter-over-quarter growth in the sales of its flagship drug, Cabometyx, particularly since its launch for the treatment of second-line renal cell carcinoma (RCC), with physicians projecting an expected utilization of approximately 30% of adult patients with neuroendocrine tumors (NET). The company has a positive outlook for its revenue, estimating over $2 billion for Cabometyx in 2025, supported by expanding indications and positive clinical trial results, which suggest continued performance and potential peak sales of approximately $290 million in the US. Exelixis’s revenue in FY 2024 reached $1.8 billion, aligning with consensus estimates, with a notable 20% year-over-year growth in the fourth quarter, reinforcing its market position and commercial viability amidst current biotech market conditions.
Bears say
Exelixis Inc faces significant risks that contribute to a negative outlook on its stock, with potential commercial setbacks highlighted for its primary product, Cabometyx, particularly amid increasing competition and concerns regarding its tolerability profile. The company's downside scenario anticipates reduced market shares for cabozantinib in key cancer treatment settings, coupled with the possibility of unfavorable clinical outcomes for its pipeline candidate, zanzalintinib, which could hinder future growth. Additionally, the risk of generic erosion affecting cabozantinib and long-term dilution from ongoing research and development efforts further complicates the company's financial stability and revenue projections.
This aggregate rating is based on analysts' research of Exelixis and is not a guaranteed prediction by Public.com or investment advice.
Exelixis (EXEL) Analyst Forecast & Price Prediction
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