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LEGN
Volume: 6.6M

Legend Biotech (LEGN) Stock Forecast & Price Target

Legend Biotech (LEGN) Analyst Ratings

Based on 10 analyst ratings
Buy
Strong Buy 30%
Buy 60%
Hold 10%
Sell 0%
Strong Sell 0%

Bulls say

Legend Biotech is a clinical-stage biopharmaceutical company with a successful CAR-T product on the market generating multi-billion-dollar annual revenue. The recent takeovers of two pre-revenue BCMA CAR-T assets for a total of $14.8B highlight Legend's undervalued position, and with management's reiterated guidance and pipeline potential in other indications, the stock is viewed as illogically and sustainably priced below its true value. Risks include failure to execute on commercialization, clinical data, partnership risks, and market competition, among others. Using a 12% discount rate and 1% terminal growth rate, a DCF analysis values the company at ~$8.4B, while a 12-month price target of $66 is based on a similar analysis and probability-adjusted revenues and expenses for CARVYKTI in MM and other potential indications.

Bears say

Legend Biotech is a clinical-stage biopharmaceutical company with a primary focus on developing and commercializing novel cell therapies for oncology and other medical indications. Despite the recent positive news of J&J reporting strong sales growth for CARVYKTI, Legend's stock has only seen a modest increase, which may suggest a lack of confidence in the company's current valuation. Additionally, the company's valuation is trading at a discount compared to its core pre-commercial BCMA CAR-T peer, Arcellx, which is being acquired by Gilead for a much higher price. While Legend has established itself as a leader in the multiple myeloma market with its commercialized CARVYKTI therapy, there are concerns about potential competition from other CAR-T options in development that could impact long-term sales potential.

Legend Biotech (LEGN) has been analyzed by 10 analysts, with a consensus rating of Buy. 30% of analysts recommend a Strong Buy, 60% recommend Buy, 10% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Legend Biotech and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Legend Biotech (LEGN) Forecast

Analysts have given Legend Biotech (LEGN) a Buy based on their latest research and market trends.

According to 10 analysts, Legend Biotech (LEGN) has a Buy consensus rating as of May 6, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $60.60, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $60.60, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Legend Biotech (LEGN)

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