FDA Approvals: Several biotech companies received FDA approvals for new therapies, including GSK's Exdensur for severe asthma, Johnson & Johnson's RYBREVANT FASPRO for non-small cell lung cancer, and Amphastar's Teriparatide Injection for osteoporosis, among others.
Acquisitions: XOMA Royalty and Swedish Orphan Biovitrum AB made significant acquisitions to enhance their portfolios, with XOMA acquiring Generation Bio and SOBI set to acquire Arthrosi Therapeutics for up to $1.5 billion.
Clinical Trial Outcomes: Insmed and Argenx faced setbacks as they discontinued clinical trials due to disappointing results, while other companies like Processa and DBV Technologies reported positive outcomes in their respective trials.
New Drug Developments: Athira secured exclusive rights to the breast cancer drug Lasofoxifene, and Takeda's Zasocitinib met primary endpoints in a Phase 3 study for plaque psoriasis, showcasing ongoing advancements in drug development within the biotech sector.
Wall Street analysts forecast INSM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INSM is 218.44 USD with a low forecast of 157.00 USD and a high forecast of 263.00 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.
17 Analyst Rating
Wall Street analysts forecast INSM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INSM is 218.44 USD with a low forecast of 157.00 USD and a high forecast of 263.00 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.
16 Buy
1 Hold
0 Sell
Strong Buy
Current: 160.390
Low
157.00
Averages
218.44
High
263.00
Current: 160.390
Low
157.00
Averages
218.44
High
263.00
Roth Capital
initiated
$212
2026-01-22
New
Reason
Roth Capital
Price Target
$212
AI Analysis
2026-01-22
New
initiated
Reason
Roth Capital initiated coverage of Insmed with a Buy rating and $212 price target. The firm believes the company is well positioned for share upside in 2026. Brinsupri should continue to exceed Street expectations, the analyst tells investors in a research note. Roth assigns a 75% probability of success to Insmed's Phase 3 ENCORE study, which it says could unlock $1.3B in frontline Arikayce revenue.
RBC Capital
Leonid Timashev
Outperform
maintain
$197 -> $200
2026-01-21
New
Reason
RBC Capital
Leonid Timashev
Price Target
$197 -> $200
2026-01-21
New
maintain
Outperform
Reason
RBC Capital analyst Leonid Timashev raised the firm's price target on Insmed to $200 from $197 and keeps an Outperform rating on the shares. The firm updated models for several biotech companies after meeting with managements.
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Morgan Stanley
Maxwell Skor
Equal Weight
maintain
$158 -> $157
2026-01-08
Reason
Morgan Stanley
Maxwell Skor
Price Target
$158 -> $157
2026-01-08
maintain
Equal Weight
Reason
Morgan Stanley analyst Maxwell Skor lowered the firm's price target on Insmed to $157 from $158 and keeps an Equal Weight rating on the shares. The firm sees a continuation of U.S. small-to-mid cap biotech's outperformance in 2026 as commercial names transition from "capital consumers to producers" and Large Cap Biopharma faces a looming patent cliff, the analyst tells investors in an outlook note for the group.
UBS
Buy
maintain
$223 -> $215
2026-01-06
Reason
UBS
Price Target
$223 -> $215
2026-01-06
maintain
Buy
Reason
UBS analyst lowered the firm's price target on Insmed to $215 from $223 and keeps a Buy rating on the shares. The Biotech sector enters 2026 on a cautiously optimistic note, the analyst tells investors in a research note. While capital absorption from secondary offerings is a concern, over $47B of pending capital from potential M&A could offset this, though sustained outperformance will likely require M&A activity to continue outpacing secondaries and IPOs, the firm says.
About INSM
Insmed Incorporated is a global biopharmaceutical company. It is advancing a diverse range of approved and mid- to late-stage investigational medicines and drug discovery. Its advanced programs are in pulmonary and inflammatory conditions, including a therapy approved in the United States, Europe, and Japan to treat a chronic, debilitating lung disease. Its pre-clinical research programs encompass a range of technologies and modalities, including gene therapy, AI-driven protein engineering, protein manufacturing, RNA end-joining, and synthetic rescue. Its first commercial product, ARIKAYCE (amikacin liposome inhalation suspension), is used for the treatment of Mycobacterium avium complex lung disease as part of a combination antibacterial drug regimen for adult patients with limited or no alternative treatment options. Its pipeline includes clinical-stage programs, brensocatib, TPIP, and INS1201 and pre-clinical research programs. Its INS1148 is an investigational monoclonal antibody.
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.
