Goldman Sachs Raises TG Therapeutics Price Target to $39, Briumvi Now Available in 16 Countries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: stocktwits
- Price Target Increase: Goldman Sachs raised TG Therapeutics' price target from $37 to $39 while maintaining a 'neutral' rating, indicating over a 32% upside potential, reflecting market optimism regarding the company's future growth prospects.
- Briumvi Market Performance: CEO Michael Weiss stated that Briumvi is now available in 16 countries, with over 20,000 patients prescribed to date, primarily in the U.S., laying a solid foundation for future revenue growth for the company.
- Revenue Expectations: The company anticipates Briumvi's U.S. revenue to range between $825 million and $850 million, which will be a major driver of overall revenue, with a forecast of $875 million to $900 million by 2026, indicating strong market demand.
- Improved Retail Sentiment: According to Stocktwits data, retail sentiment on TG Therapeutics has improved from 'bullish' to 'extremely bullish' over the past month, with message volume surging over 500% in the last week, demonstrating strong investor interest in the stock.
Analyst Views on TGTX
Wall Street analysts forecast TGTX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGTX is 45.00 USD with a low forecast of 11.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
0 Hold
1 Sell
Moderate Buy
Current: 27.870
Low
11.00
Averages
45.00
High
60.00
Current: 27.870
Low
11.00
Averages
45.00
High
60.00
About TGTX
TG Therapeutics, Inc. is a fully integrated, commercial stage, biopharmaceutical company. The Company is focused on the acquisition, development, and commercialization of novel treatments for B-cell diseases. Its clinical drug candidates are Ublituximab IV (anti-CD20 mAb), Ublituximab Subcutaneous (anti-CD20 mAb), Azer-cel, TG-1701 (BTK inhibitor), and TG-1801 (anti-CD47/CD19 bispecific mAb). BRIUMVI is an anti-CD20 monoclonal antibody for the treatment of RMS, which includes clinically isolated syndrome, relapsing-remitting disease, and active secondary progressive disease. TG-1701 is a novel, orally available and covalently bound Bruton’s tyrosine kinase (BTK) inhibitor that exhibits selectivity to BTK in vitro kinase screening. TG-1801 is a bispecific CD47 and CD19 antibody. It also evaluates complementary products, technologies and companies for in-licensing, partnership, acquisition, and/or investment opportunities.
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.
