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Biogen (BIIB)
NASDAQ:BIIB
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Biogen (BIIB) Price & Analysis

5,078 Followers

BIIB Stock Chart & Stats

$221.07
$1.57(0.78%)
At close: 4:00 PM EDT
$221.07
$1.57(0.78%)

Bulls Say, Bears Say

Bulls Say
Growth Portfolio MomentumThe growth portfolio now exceeds the legacy MS portfolio and is expanding rapidly, indicating improving mix and product adoption. This broadens Biogen’s revenue base, reduces reliance on mature therapies, and creates a stronger platform for sustained growth over the next several quarters.
LEQEMBI Home-Dosing AdvantageHome dosing can make LEQEMBI easier to initiate and maintain, potentially improving patient adherence and treatment duration. The new administration option may also expand eligibility and differentiate Biogen’s Alzheimer’s offering against competitors requiring more burdensome monthly dosing.
Diversified Late-Stage PipelineMultiple late-stage readouts across SLE, CLE, AMR, and Dravet syndrome provide several opportunities to replenish or expand the commercial portfolio. A diversified development slate reduces dependence on any single program and supports longer-term revenue durability if execution remains successful.
Bears Say
Post-Acquisition LeverageThe Apellis transaction materially increased net debt and introduced a debt repayment schedule, reducing financial flexibility compared with Biogen’s prior position. Higher leverage can constrain capital allocation and leave less capacity to absorb weaker products, pipeline setbacks, or operating volatility.
Compressed ProfitabilityProfitability has weakened substantially from prior highs despite consistently strong gross margins, showing that operating costs and other pressures are absorbing more of the company’s revenue. Persistent margin compression would limit earnings conversion and reduce funds available for reinvestment or debt reduction.
Legacy Product PressureDeclines in established products, particularly where biosimilars are intensifying competition, create an ongoing headwind for the legacy portfolio. Continued erosion could offset growth from newer therapies, pressure commercial margins, and increase the execution burden on launches and pipeline programs.

Biogen News

BIIB FAQ

What was Biogen’s price range in the past 12 months?
Biogen lowest stock price was $138.00 and its highest was $240.99 in the past 12 months.
    What is Biogen’s market cap?
    Biogen’s market cap is $34.50B.
      When is Biogen’s upcoming earnings report date?
      Biogen’s upcoming earnings report date is Oct 28, 2026 which is in 8 days.
        How were Biogen’s earnings last quarter?
        Biogen released its earnings results on Jul 29, 2026. The company reported $3.6 earnings per share for the quarter, beating the consensus estimate of $2.939 by $0.661.
          Is Biogen overvalued?
          According to Wall Street analysts Biogen’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Biogen pay dividends?
            Biogen does not currently pay dividends.
            What is Biogen’s EPS estimate?
            Biogen’s EPS estimate is 1.98.
              How many shares outstanding does Biogen have?
              Biogen has 147,754,000 shares outstanding.
                What happened to Biogen’s price movement after its last earnings report?
                Biogen reported an EPS of $3.6 in its last earnings report, beating expectations of $2.939. Following the earnings report the stock price went up 1.761%.
                  Which hedge fund is a major shareholder of Biogen?
                  Currently, no hedge funds are holding shares in BIIB
                  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

                    Biogen

                    Biogen Inc. is a leading biotechnology firm dedicated to the discovery, development, production, and distribution of treatments for complex neurological and neurodegenerative conditions. Its established portfolio includes a range of medications addressing multiple sclerosis (MS), such as TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA. For spinal muscular atrophy (SMA), Biogen provides SPINRAZA, while FUMADERM is available for the treatment of plaque psoriasis. Among its other key offerings is ADUHELM, specifically developed for Alzheimer's disease. The company also markets a selection of biosimilar drugs, including BENEPALI (an etanercept biosimilar akin to ENBREL), IMRALDI (an adalimumab biosimilar comparable to HUMIRA), and FLIXABI (an infliximab biosimilar referencing REMICADE). Further extending its therapeutic reach, Biogen supplies RITUXAN, prescribed for conditions like non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, certain types of ANCA-associated vasculitis, and pemphigus vulgaris. RITUXAN HYCELA targets non-Hodgkin's lymphoma and CLL, and GAZYVA is utilized for CLL and follicular lymphoma. OCREVUS addresses both relapsing and primary progressive forms of MS, complementing the company's broader efforts in anti-CD20 therapies. The company maintains a robust research and development pipeline, featuring numerous investigational therapies. These candidates are designed to tackle a wide spectrum of conditions, including multiple sclerosis and neuroimmunological disorders (e.g., BIIB135, BIIB061, BIIB091, BIIB107), Alzheimer's disease and other forms of dementia (e.g., Aducanumab, Lecanemab, BIIB076, BIIB080), neuromuscular disorders (e.g., BIIB067, BIIB078, BIIB105, BIIB100, BIIB110), Parkinson's disease and related movement disorders (e.g., BIIB124, BIIB094, BIIB118, BIIB101, BIIB122), neuropsychiatric conditions (e.g., BIIB125, BIIB104), immunology-related illnesses (e.g., Dapirolizumab pegol, BIIB059), acute neurological events (e.g., BIIB093, BIIB131), and neuropathic pain (e.g., BIIB074). Additionally, several biosimilar candidates, such as BYOOVIZ, BIIB800, and SB15, are progressing through various developmental stages. Biogen actively engages in strategic collaborations and licensing arrangements with various partners, including Acorda Therapeutics, Inc., Alkermes Pharma Ireland Limited, Denali Therapeutics Inc., Eisai Co., Ltd., Genentech, Inc., Neurimmune SubOne AG, Ionis Pharmaceuticals, Inc., Samsung Bioepis Co., Ltd., Sangamo Therapeutics, Inc., and Sage Therapeutics, Inc. Established in 1978, Biogen Inc. maintains its corporate headquarters in Cambridge, Massachusetts.

                    Biogen (BIIB) Earnings & Revenues

                    BIIB Company Deck

                    BIIB Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call presented a broadly constructive commercial and pipeline narrative: top-line momentum (Q2 revenue up 3% and strong growth-portfolio performance), immediate contributions from the Apellis acquisition (SYFOVRE and Empaveli) and an active late-stage registrational cadence provide tangible near‑ and mid‑term growth catalysts. Offsetting these positives are notable near-term costs, one-time IPR&D/milestone charges, financing-related EPS dilution in 2026, and elevated leverage following the acquisition. Management emphasized strong execution, multiple upcoming data readouts, and guidance improvement, while acknowledging access, competitive and scientific risks.View all BIIB earnings summaries

                    BIIB Revenue Breakdown

                    71.98%71.98%18.81%1.80%7.41%
                    71.98% Product revenue
                    18.81% Revenue from anti-CD20 therapeutic programs
                    1.80% Alzheimer's collaboration revenue
                    7.41% Contract manufacturing, royalty and other revenue
                    tipranks

                    BIIB Stock 12 Month Forecast

                    Average Price Target

                    $244.43
                    ▲(10.57% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 27,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 31, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":154.27,"date":1761955200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 24,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 28, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":177.78,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n       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style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":209.74,"date":1782864000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 54,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 34, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":202.95,"date":1785542400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 40,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 23, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      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                    Ownership Overview

                    0.18%36.47%0.96%33.57%
                    0.96% Other Institutional Investors
                    33.57% Public Companies and
                    Individual Investors
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