
Rigel Pharmaceuticals (RIGL) Stock Forecast & Price Target
Rigel Pharmaceuticals (RIGL) Analyst Ratings
Bulls say
Rigel Pharmaceuticals is expected to experience significant growth in the near future, driven primarily by the success of its lead drug candidate, TAVALISSE. The company's partnership with AstraZeneca provides a strong revenue stream through royalties and milestone payments. Additionally, the company's pipeline products, including GAVRETO and Ocadusertib, offer potential for further growth and diversification. Despite some safety concerns, the overall positive data from recent presentations and studies reinforce the potential of Rigel's products in various disease areas.
Bears say
Rigel Pharmaceuticals is facing a negative outlook as their key drug candidate has been licensed out to AstraZeneca, limiting their potential profits and leaving their pipeline vulnerable in case of any setbacks. The company also has a history of high expenses with little revenue, and this trend is expected to continue as they have recently entered into an expensive licensing agreement with Pfizer and Arvinas for VEPPANU. Additionally, their previously approved drugs, TAVALISSE and REZLIDHIA, have seen limited commercial traction and their pipeline products, including GAVRETO and Ocadusertib, are still in early stages of development and therefore carry high risk.
This aggregate rating is based on analysts' research of Rigel Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.
Rigel Pharmaceuticals (RIGL) Analyst Forecast & Price Prediction
Start investing in Rigel Pharmaceuticals (RIGL)
Order type
Buy in
Order amount
Est. shares
0 shares