Ligand Pharmaceuticals Achieves Analyst Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2025
0mins
Should l Buy LGN?
Source: NASDAQ.COM
Stock Performance: Ligand Pharmaceuticals Inc (LGN) shares have surpassed the average analyst 12-month target price of $37.39, currently trading at $39.60/share.
Analyst Reactions: Analysts may respond to the stock reaching its target by either downgrading their valuation or raising their target price, depending on the company's fundamental developments.
Diverse Analyst Targets: Within the Zacks coverage, there are 14 analyst targets for LGN, ranging from a low of $34.00 to a high of $41.00, with an average target of $37.39 and a standard deviation of $2.558.
Investor Considerations: The crossing of the average target price signals investors to evaluate whether the stock is on its way to a higher target or if it has become overvalued, prompting potential profit-taking.
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Analyst Views on LGN
Wall Street analysts forecast LGN stock price to fall
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 48.160
Low
37.00
Averages
45.40
High
54.00
Current: 48.160
Low
37.00
Averages
45.40
High
54.00
About LGN
Legence Corp. is a provider of engineering, installation and maintenance services for mission-critical systems in buildings. The Company operates through two segments: Engineering & Consulting, and Installation & Maintenance. Its Engineering & Consulting segment designs heating, ventilation and air conditioning (HVAC) and other mechanical, electrical and plumbing (MEP) systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable and provides program and project management services for clients’ installation and retrofit projects. Its Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings and provides ongoing preventative and corrective maintenance services for those systems. It focuses on technically demanding buildings sectors, including technology, life sciences, healthcare and education.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Diverse Funding Sources: The acquisition was financed through a combination of cash on hand, borrowings from a revolving credit line, a $200 million upsizing of Legence's term loan, and the issuance of approximately 2.55 million shares of Class A common stock, demonstrating the company's financial flexibility and strength.
- Future Growth Potential: With over 40 years of expertise in mechanical, plumbing, and process system solutions, Bowers is expected to enhance Legence's service quality and market share, further solidifying its leadership position in technically demanding sectors.
- Strategic Synergies: This acquisition will not only enhance Legence's service offerings but also drive long-term performance growth by providing more comprehensive solutions to meet customer needs, thereby increasing customer satisfaction.
See More
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- Funding Structure: The acquisition was financed through a combination of cash, borrowings from a revolving credit line, the issuance of approximately 2.55 million shares, and a $200 million upsizing of Legence's term loan, demonstrating the company's financial flexibility and strength.
- Market Positioning: With over 40 years of experience in mechanical, plumbing, and process system solutions, Bowers Group's acquisition enables Legence to offer higher quality services, further solidifying its market position in technically demanding sectors.
- Future Outlook: Legence CEO Jeff Sprau stated that the acquisition will combine both companies' expertise to enhance customer service, indicating that the company is poised for greater success in the future.
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- Underwriter Selection: Goldman Sachs and Jefferies are acting as joint lead book-running managers, showcasing their strong influence in the capital markets, which may enhance investor confidence in Legence's future financing capabilities.
- Additional Option: The selling stockholders granted underwriters a 30-day option to purchase an additional 1,260,326 shares, further enhancing market liquidity and investor participation.
- Expected Closing Date: The offering is expected to close on December 16, 2025, which, if successful, will provide Legence with greater flexibility in future capital operations.
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- Underwriter Participation: The offering is led by Goldman Sachs and Jefferies, with participation from multiple financial institutions, indicating strong market confidence in Legence, which may support future financing opportunities for the company.
- No Proceeds for Company: Legence will not receive any proceeds from the offering as all shares are sold by stockholders affiliated with Blackstone, allowing the company to maintain focus on its core operations rather than capital raising.
- Market Positioning: Legence specializes in engineering and maintenance services for technically demanding sectors, serving over 60% of the Nasdaq-100 Index clients, showcasing its strong competitive position and potential for sustained growth.
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