Incyte stock analysis
Incyte (1INCY) Stock Price & Analysis
1INCY Stock Chart & Stats
- Day’s Range
- EUR 108.30 - EUR 109.35
- 52-Week Range
- EUR 46.00 - EUR 165.00
- Previous Close
- EUR 111.20
- Volume
- N/A
- Average Volume (3M)
- 12
- Market Cap
- EUR 22.37B
- Enterprise Value
- EUR 20.85B
- Total Cash (Recent Filing)
- EUR 3.85B
- Total Debt (Recent Filing)
- EUR 37.41M
- Price to Earnings (P/E)
- 57.6
- Beta
- 0.25
- Next Earnings
- Feb 09, 2027 (Est.)
- EPS Estimate
- 1.7
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
High-Margin, Low-Leverage Model
Exceptionally high gross margins provide substantial economics on marketed medicines, while minimal leverage preserves financial flexibility. This combination supports continued research investment, strengthens downside protection, and gives Incyte capacity to fund development without relying heavily on external financing.
Broad-Based Commercial Growth
Growth across every product and especially rapid expansion outside Jakafi indicate that Incyte is building a broader commercial base. A larger portfolio can reduce dependence on one medicine, improve revenue durability, and provide more opportunities to leverage its specialty commercial platform.
Expanding Pipeline And Regulatory Reach
A broad late-stage pipeline and advancing regulatory programs create multiple potential sources of future growth beyond current products. European dermatology expansion and positive povorcitinib progress also increase the addressable market and diversify Incyte's long-term revenue base.
Bears Say
Volatile Profitability And Cash Generation
Although Incyte remains cash-generative, the sharp TTM free-cash-flow decline and lower operating cash conversion reduce confidence in near-term cash durability. Recent margin moderation and historical swings also make earnings less predictable, potentially limiting internally funded investment flexibility.
Jakafi Pricing Pressure
The gap between underlying Jakafi demand and reported sales growth shows that pricing and reimbursement dynamics can absorb part of volume-driven expansion. Because Jakafi remains a significant contributor, persistent pricing pressure could constrain portfolio growth even when patient demand remains healthy.
Pipeline Prioritization And Development Risk
Stopping a planned Phase 3 study narrows the development path for a potential ovarian-cancer opportunity and illustrates the need to allocate resources selectively across a large pipeline. Repeated prioritization decisions could reduce the number of shots on goal supporting future growth.
Incyte News
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Incyte Stock Smart Score
Company Description
Incyte
Incyte Corporation is a biopharmaceutical firm engaged in the research, development, and global marketing of its own innovative therapies. Its current product offerings include JAKAFI, prescribed for myelofibrosis and polycythemia vera; PEMAZYRE, a fibroblast growth factor receptor kinase inhibitor that targets oncogenic drivers in various liquid and solid tumor types; and ICLUSIG, a kinase inhibitor utilized for chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia. Beyond its marketed drugs, Incyte's pipeline features several promising candidates. Among its clinical-stage assets are ruxolitinib, targeting steroid-refractory chronic graft-versus-host disease (GVHD), and itacitinib, which is undergoing Phase II/III trials for newly diagnosed chronic GVHD. Pemigatinib is also being investigated for conditions such as bladder cancer, cholangiocarcinoma, myeloproliferative syndrome, and other tumor types. Further advancing its research, the company is developing Parsaclisib, currently in Phase II studies for follicular lymphoma, marginal zone lymphoma, and mantle cell lymphoma. Additionally, Retifanlimab is in Phase II development for multiple indications, including MSI-high endometrial cancer, Merkel cell carcinoma, anal cancer, and non-small cell lung cancer. Incyte maintains a broad network of strategic alliances with numerous pharmaceutical and biotech companies, including key partners like Novartis International Pharmaceutical Ltd., Eli Lilly and Company, and Agenus Inc., among many others. These collaborations extend to clinical trials, notably joint efforts with MorphoSys AG and Xencor, Inc., to evaluate a combination therapy involving tafasitamab, plamotamab, and lenalidomide for patients with recurrent or resistant diffuse large B-cell lymphoma and follicular lymphoma. Established in 1991, the corporation's main offices are situated in Wilmington, Delaware.
- Sector
- Healthcare
- Industry
- Biotechnology
- CEO
- William J. Meury
- Employees
- 2,844
- Website
- www.incyte.com
- Address
- 1801 Augustine Cut-Off, Wilmington, DE, 19803, US
Incyte (1INCY) Earnings & Revenues
1INCY Company Deck
1INCY Earnings Call
Earnings Call SentimentPositive
The call was strongly positive, characterized by 14% quarterly revenue and net sales growth, broad-based product demand, raised full-year sales guidance, regulatory progress, and substantial expansion of the late-stage pipeline. The main negatives were the large Vega-related GAAP expense increase, pricing-related moderation in reported Jakafi growth, the discontinuation of the platinum-resistant ovarian cancer CDK2 study, and some pending clinical and regulatory milestones. Highlights significantly outweighed lowlights.
View all IT:1INCY earnings summaries1INCY Net sales Breakdown
- 84.69% Product revenues, net
- 12.39% Product royalty revenues
- 2.92% Milestone and contract revenues
1INCY Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 13 | 3 | 6 |
| Technical Analysis | 3 | 3 | 4 |
| Moving Averages | 10 | 0 | 2 |











