Viatris Inc. (VTRS) has faced significant challenges recently, with its stock dropping 17.96% last week due to disappointing fourth-quarter earnings and lower-than-expected FY25 guidance. Analysts at B of A Securities have maintained an Underperform rating and reduced the price target from $11 to $10, reflecting diminished confidence in the stock's near-term performance.
The stock is currently trading at $9.54, with key technical indicators suggesting bearish momentum:
Given the bearish technical indicators and negative news sentiment, VTRS is expected to face continued downward pressure. The stock is likely to trade between 8.40 and 10.11 next week, with a potential target price of $9.20.
Recommendation: Sell or avoid buying VTRS in the next trading week due to the bearish technical setup and negative fundamental outlook.
The price of VTRS is predicted to go up -1.73%, based on the high correlation periods with TFX. The similarity of these two price pattern on the periods is 98.2%.
VTRS
TFX
A new focus on dermatology, ophthalmology, and gastroenterology will pave ways for many untapped opportunities that Viatris can utilize with its scale and manufacturing power.
Effective portfolio optimization and a promising pipeline of first-to-market launches will provide solid top line tailwinds.
Exiting biosimilars business will reallocate resources and help the company focus on long-term goals in its core generic and branded markets.
Jefferies
2025-03-07
Price Target
$15 → $13
Upside
+34.72%
Piper Sandler
2025-03-05
Price Target
$14 → $10
Upside
+5.49%
Piper Sandler
2024-12-06
Price Target
$13 → $14
Upside
+10.06%