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

Legend Biotech (9LB) Stock Forecast & Price Target

1 Followers
See the Price Targets and Ratings of:

9LB Analyst Ratings

Strong Buy
16Ratings
15 Buy
1 Hold
0 Sell
Based on 16 analysts giving stock ratings to
Legend
Biotech
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

9LB Stock 12 Month Forecast

Average Price Target

€81.53
▲(85.31% Upside)
Based on 16 Wall Street analysts offering 12 month price targets for Legend Biotech in the last 3 months. The average price target is €81.53 with a high forecast of €89.46 and a low forecast of €61.21. The average price target represents a 85.31% change from the last price of €44.00.
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Highest Price Target€89.46Average Price Target€81.53Lowest Price Target€61.21
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Cantor Fitzgerald
€77.22
Buy
75.50%
Upside
Initiated
04/03/24
Legend Biotech initiated with an Overweight at Cantor FitzgeraldLegend Biotech initiated with an Overweight at Cantor Fitzgerald
TD Cowen
Buy
Reiterated
03/28/24
We are lowering FY24 sales to $950M (-$50M) to account for slightly slower ramp weighted towards H2:24. Carvykti has a large lead over ACLX/GILD’s anito-cel, but market has room for several CAR Ts.
UBS
€76.28
Buy
73.36%
Upside
Reiterated
03/17/24
Legend Biotech price target raised to $81 from $76 at UBSLegend Biotech price target raised to $81 from $76 at UBS
Morgan Stanley
€80.05
Buy
81.92%
Upside
Reiterated
12/12/23
Buy Rating on Legend Biotech: Promising Phase I Results for Anito-cel in R/R Multiple Myeloma
Goldman Sachs
€84.84
Buy
92.82%
Upside
Initiated
11/05/23
Legend Biotech initiated with a Buy at Goldman SachsLegend Biotech initiated with a Buy at Goldman Sachs

Best Analysts Covering Legend Biotech

Which Analyst Should I Follow If I Want to Buy DE:9LB and Sell After:
1 Month
Edward TenthoffPiper Sandler
Success Rate
6/10 ratings generated profit
60%
Average Return
-0.23%
reiterated a buy rating 3 days ago
Copying Edward Tenthoff's trades and holding each position for 1 Month would result in 60.00% of your transactions generating a profit, with an average return of -0.23% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
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3 Months
Success Rate
10/24 ratings generated profit
42%
Average Return
-1.02%
reiterated a buy rating 4 days ago
Copying Justin Zelin's trades and holding each position for 3 Months would result in 41.67% of your transactions generating a profit, with an average return of -1.02% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
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1 Year
Edward TenthoffPiper Sandler
Success Rate
6/10 ratings generated profit
60%
Average Return
-1.01%
reiterated a buy rating 3 days ago
Copying Edward Tenthoff's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of -1.01% per trade.
2 Years
Success Rate
11/24 ratings generated profit
46%
Average Return
+10.95%
reiterated a buy rating 4 days ago
Copying Justin Zelin's trades and holding each position for 2 Years would result in 45.83% of your transactions generating a profit, with an average return of +10.95% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

9LB Analyst Recommendation Trends

Rating
Dec 23
Jan 24
Feb 24
Mar 24
Apr 24
Strong Buy
8
14
11
8
17
Buy
18
17
12
19
20
Hold
3
5
4
6
6
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
29
36
27
33
43
In the current month, 9LB has received 37 Buy Ratings, 6 Hold Ratings, and 0 Sell Ratings. 9LB average Analyst price target in the past 3 months is €81.53.
Each month's total comprises the sum of three months' worth of ratings.
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9LB Financial Forecast

9LB Earnings Forecast

Next quarter’s earnings estimate for 9LB is -€0.18 with a range of -€0.36 to >-€0.01. The previous quarter’s EPS was -€0.38. 9LB beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 58.49% of the time in the same period. In the last calendar year 9LB has Underperformed its overall industry.
Next quarter’s earnings estimate for 9LB is -€0.18 with a range of -€0.36 to >-€0.01. The previous quarter’s EPS was -€0.38. 9LB beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 58.49% of the time in the same period. In the last calendar year 9LB has Underperformed its overall industry.

9LB Sales Forecast

Next quarter’s sales forecast for 9LB is €139.22M with a range of €73.94M to €176.99M. The previous quarter’s sales results were €74.85M. 9LB beat its sales estimates 25.00% of the time in past 12 months, while its overall industry beat sales estimates 59.70% of the time in the same period. In the last calendar year 9LB has Underperformed its overall industry.
Next quarter’s sales forecast for 9LB is €139.22M with a range of €73.94M to €176.99M. The previous quarter’s sales results were €74.85M. 9LB beat its sales estimates 25.00% of the time in past 12 months, while its overall industry beat sales estimates 59.70% of the time in the same period. In the last calendar year 9LB has Underperformed its overall industry.

9LB Stock Forecast FAQ

What is DE:9LB’s average 12-month price target, according to analysts?
Based on analyst ratings, Legend Biotech Corporation’s 12-month average price target is €81.53.
    What is DE:9LB’s upside potential, based on the analysts’ average price target?
    Legend Biotech Corporation has 85.31% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is Legend Biotech Corporation a Buy, Sell or Hold?
          Legend Biotech Corporation has a conensus rating of Strong Buy, which is based on 15 buy ratings, 1 hold ratings and 0 sell ratings.
            What is Legend Biotech Corporation’s share price target?
            The average share price target for Legend Biotech Corporation is €81.53. This is based on 16 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst share price target is €89.46 ,and the lowest forecast is €61.21. The average share price target represents 85.31% Increase from the current price of €44.
              What do analysts say about Legend Biotech Corporation?
              Legend Biotech Corporation’s analyst rating consensus is a Strong Buy. This is based on the ratings of 16 Wall Streets Analysts.
                How can I buy shares of Legend Biotech Corporation?
                To buy shares of DE:9LB, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.
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