Halozyme cut to Neutral at J.P. Morgan on valuation [Seeking Alpha]
Halozyme Therapeutics, Inc. (HALO)
Last halozyme therapeutics, inc. earnings: 2/24 04:02 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Morgan downgraded the developer of Enhanze drug delivery technology to neutral from overweight, arguing that the stock is fully valued at current levels. However, analyst Jessica Fye raised her price target on HALO to $57 from $52 per share, indicating her revised estimates for current and potential royalties linked to Enhanze. Fye noted that Halozyme ( HALO ) has added 69% this year, vastly outperforming 11% and 13% gains in the NASDAQ Biotechnology Index and SPDR S&P Biotech ETF ( XBI ), respectively. “Despite raising our price target to reflect more value for future product royalties, we struggle to find a strong upside case from current levels that does not rely on giving even more credit,” Fye argued. The analyst added that a more constructive view on HALO would depend on clarity on the performance of the company's Wave 4 and Wave 5 products and potential partnerships, preferably with large biopharma companies that link Enhanze with more attractive economics. “We believ
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HALO
News
- Halozyme Therapeutics, Inc. (NASDAQ: HALO) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $57.00 price target on the stock, up previously from $52.00.MarketBeat
- Kaskela Law LLC Announces Shareholder Investigation of Halozyme Therapeutics, Inc. (HALO) and Encourages Investors to Contact the FirmBusiness Wire
- FDA approves Roche's Ocrevus Zunovo with Halozyme Enhanze delivery tech [Yahoo! Finance]Yahoo! Finance
- Roche Gets FDA Approval for Subcutaneous Formulation of Tecentriq [Yahoo! Finance]Yahoo! Finance
- Halozyme Announces FDA Approval of Roche's Subcutaneous OCREVUS ZUNOVO™ with ENHANZE® for People with Relapsing and Primary Progressive Multiple Sclerosis [Yahoo! Finance]Yahoo! Finance
HALO
Earnings
- 8/6/24 - Beat
HALO
Sec Filings
- 9/26/24 - Form 4
- 9/26/24 - Form 144
- 9/25/24 - Form 144
- HALO's page on the SEC website