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Legend Biotech Corporation (DE:9LB)
FRANKFURT:9LB

Legend Biotech (9LB) Price & Analysis

1 Followers

9LB Stock Chart & Stats

€19.60
-€3.10(-15.82%)
At close: 4:00 PM EDT
€19.60
-€3.10(-15.82%)

Bulls Say, Bears Say

Bulls Say
Commercial Revenue Growth & CARVYKTI MomentumSustained, high single-digit sequential and 50% YoY CARVYKTI sales growth alongside rapid geographic rollout (348 sites, 19 markets) indicate durable commercial adoption. Earlier-line uptake (>70% in lines 2–4 U.S.) expands addressable market, supporting multi‑quarter revenue scaling and predictable collaboration income.
Strong Liquidity And Manageable LeverageNearly $1B in cash, a recent equity raise, and no long‑term debt provide a multi‑quarter runway to fund commercialization, IND filings and pipeline work. Manageable collaboration liabilities (expected settlement of ~$300M in 2026) reduce refinancing risk and support execution of strategic projects without immediate financing pressure.
Promising Pipeline: First‑in‑human LB2501 In Vivo DataRobust early in vivo CAR‑T signals (high ORR/CR at higher dose with favorable safety) suggest a platform that could bypass ex‑vivo manufacturing. If validated in larger studies, this structural innovation could lower costs, expand patient access, and materially broaden addressable markets beyond multiple myeloma over the medium term.
Bears Say
Persistent Negative Operating And Free Cash FlowDespite revenue scale, the business continues to burn cash on an operating basis and deliver negative free cash flow, implying dependence on financing or partner funding. Continued cash burn could force dilution or constrain R&D/commercial investment if sales or margins weaken, limiting long‑term financial flexibility.
Leadership Transition At CEO LevelA top‑level CEO change during a critical commercialization and pipeline expansion phase introduces execution risk. Even with an internal interim to preserve continuity, protracted CEO selection or shifts in strategic priorities could slow decision making and affect partner, investor and commercial stakeholder confidence over several quarters.
Competitive Pressure And Sequencing Risk From BispecificsRapid adoption of bispecific antibodies with strong PFS results creates durable alternative treatment pathways. Ongoing debates about optimal sequencing (CAR‑T first vs bispecifics) may reduce addressable populations or compress pricing for CARVYKTI absent clear differentiation, pressuring long‑term market share and revenue durability.

Legend Biotech News

9LB FAQ

What was Legend Biotech Corporation’s price range in the past 12 months?
Legend Biotech Corporation lowest stock price was €13.80 and its highest was €32.40 in the past 12 months.
    What is Legend Biotech Corporation’s market cap?
    Legend Biotech Corporation’s market cap is €3.34B.
      When is Legend Biotech Corporation’s upcoming earnings report date?
      Legend Biotech Corporation’s upcoming earnings report date is Nov 17, 2026 which is in 97 days.
        How were Legend Biotech Corporation’s earnings last quarter?
        Legend Biotech Corporation released its earnings results on Aug 11, 2026. The company reported €0.078 earnings per share for the quarter, beating the consensus estimate of €0.049 by €0.029.
          Is Legend Biotech Corporation overvalued?
          According to Wall Street analysts Legend Biotech Corporation’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Legend Biotech Corporation pay dividends?
            Legend Biotech Corporation does not currently pay dividends.
            What is Legend Biotech Corporation’s EPS estimate?
            Legend Biotech Corporation’s EPS estimate is 0.02.
              How many shares outstanding does Legend Biotech Corporation have?
              Legend Biotech Corporation has 193,439,790 shares outstanding.
                What happened to Legend Biotech Corporation’s price movement after its last earnings report?
                Legend Biotech Corporation reported an EPS of €0.078 in its last earnings report, beating expectations of €0.049. Following the earnings report the stock price went up 10.185%.
                  Which hedge fund is a major shareholder of Legend Biotech Corporation?
                  Currently, no hedge funds are holding shares in DE:9LB
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Legend Biotech Corporation

                    Legend Biotech Corporation, through its subsidiaries, operates as a biopharmaceutical company that discovers, develops, manufactures, and commercializes novel cell therapies for oncology and other indications in the United States, China, and Europe. Its lead product candidate is ciltacabtagene autoleucel, or cilta-cel, which is a chimeric antigen receptor (CAR-T) therapy for the treatment of multiple myeloma (MM). The company also has a portfolio of earlier-stage autologous CAR-T product candidates targeting various cancers, including acute lymphoblastic leukemia, gastric cancer, esophageal cancer, pancreatic cancer, colorectal cancer, small cell lung cancer, and non-small cell lung cancer. In addition, it develops allogeneic gamma delta CAR-T and allogeneic CAR-NK product candidates targeting B-cell maturation antigen (BCMA) for MM, which are in investigator-initiated Phase 1 clinical trials in China. The company has a collaboration and license agreement with Janssen Biotech, Inc. for the development and commercialization of cilta-cel, as well as a license agreement with Novartis Pharma AG for the development, manufacture, and commercialization of CAR-T cell therapies targeting delta-like ligand protein 3. Legend Biotech Corporation was founded in 2014 and is headquartered in Somerset, New Jersey.

                    Legend Biotech (9LB) Earnings & Revenues

                    9LB Company Deck

                    9LB Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call conveyed strong commercial momentum for CARVYKTI (50% YoY sales growth to ~$657M, double-digit sequential growth), a milestone move to company-wide profitability with improving operating margins, robust liquidity (~$965M) and encouraging early in vivo and DLL3 clinical data (notably LB2501 dose cohort results). Management emphasized disciplined cost control and a clear financial plan while pursuing an IND for LB2501 by year-end. Key near-term challenges include leadership transition, gross margin volatility due to outpatient mix, a materially higher tax expense, ongoing competition from bispecific agents and the early-stage nature of some in vivo data. On balance, the positives (strong sales, profitability milestone, cash runway, and promising clinical readouts) materially outweigh the identified risks.View all DE:9LB earnings summaries

                    9LB Stock 12 Month Forecast

                    Average Price Target

                    €44.91
                    ▲(129.12% Upside)
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