
Neurocrine Biosciences (NBIX) Stock Forecast & Price Target
Neurocrine Biosciences (NBIX) Analyst Ratings
Bulls say
Neurocrine Biosciences Inc is well-positioned for future growth, demonstrated by Ingrezza's impressive 10% quarter-over-quarter and 12% year-over-year sales increase, alongside a record in both new and total prescriptions. The company's proactive strategy of expanding its sales force by 30% aims to enhance Ingrezza's adoption and deepen its reach within the endocrinology community, particularly in treating congenital adrenal hyperplasia (CAH) with Crenessity, which has also shown strong sales performance. Additionally, market dynamics indicate robust demand, with the VMAT2 market growing at double digits, reinforcing the potential for Neurocrine's lead products to achieve significant revenue milestones in the coming years.
Bears say
Neurocrine Biosciences Inc faces significant competitive risks that could hinder the growth of its primary product, Ingrezza, particularly as competition increases in the tardive dyskinesia and Huntington's disease chorea markets, where current offerings are already well-established. The launch of Crenessity has shown signs of weakening sales momentum, failing to meet initial revenue expectations, and risks are heightened by potential pricing pressures from upcoming regulations under the Inflation Reduction Act. Additionally, the company's pipeline drug, direclidine, is facing skepticism following disappointing Phase 2 data, contributing to a broader negative sentiment regarding the company’s ability to achieve sustainable revenue growth.
This aggregate rating is based on analysts' research of Neurocrine Biosciences and is not a guaranteed prediction by Public.com or investment advice.
Neurocrine Biosciences (NBIX) Analyst Forecast & Price Prediction
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