
HRMY Stock Forecast & Price Target
HRMY Analyst Ratings
Bulls say
Harmony Biosciences Holdings Inc. is expected to see significant growth in WAKIX sales, projected to increase from approximately $160 million in 2020 to over $700 million by 2024, driven by the drug's safety and convenience advantages. Additionally, the company's diverse orphan drug pipeline, including candidates like pitolisant for excessive daytime sleepiness and ZYGEL for Fragile X Syndrome, positions Harmony favorably for future growth, with anticipated regulatory filings for new indications by early 2026. With strong commercial execution and a solid financial foundation to support research and development, Harmony is positioned as a compelling growth opportunity within the neurology sector.
Bears say
Harmony Biosciences Holdings Inc. faces a negative outlook primarily due to disappointing clinical trial results, as demonstrated by the pivotal Phase 3 RECONNECT trial of its ZYN002 candidate, which failed to meet its primary endpoint attributed to an unexpectedly high placebo response. Additionally, the company is at risk of market competition affecting the growth of its flagship product, WAKIX, especially with potential new entrants in the sodium oxybate market, which may stifle the rate of new patient additions. These challenges are compounded by uncertainties regarding the success of ongoing clinical trials for other candidates in its pipeline, raising concerns about the company's future revenue growth and overall market position.
This aggregate rating is based on analysts' research of Harmony Biosciences Holdings and is not a guaranteed prediction by Public.com or investment advice.
HRMY Analyst Forecast & Price Prediction
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