Biogen Stock Forecast, Price & News

Biogen's stock was trading at $294.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BIIB shares have decreased by 8.2% and is now trading at $270.12.
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33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last year. There are currently 5 sell ratings, 15 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Biogen stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BIIB, but not buy additional shares or sell existing shares.
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1,448 employees have rated Biogen CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Biogen's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Biogen is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Biogen.

Biogen will be holding an earnings conference call on Wednesday, February 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Biogen Inc. (NASDAQ:BIIB) posted its quarterly earnings results on Wednesday, October, 21st. The biotechnology company reported $8.84 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $8.06 by $0.78. The biotechnology company earned $3.38 billion during the quarter, compared to analyst estimates of $3.34 billion. Biogen had a net margin of 35.63% and a return on equity of 51.00%. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $9.17 earnings per share.
View Biogen's earnings history.

Biogen announced that its board has authorized a share buyback plan on Monday, December 23rd 2019, which authorizes the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

33 brokerages have issued 12-month price targets for Biogen's stock. Their forecasts range from $175.00 to $450.00. On average, they expect Biogen's share price to reach $305.97 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
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Some companies that are related to Biogen include Amgen (AMGN), Gilead Sciences (GILD), Vertex Pharmaceuticals (VRTX), Regeneron Pharmaceuticals (REGN), Alexion Pharmaceuticals (ALXN), Seagen (SGEN), Exact Sciences (EXAS), Incyte (INCY), Alnylam Pharmaceuticals (ALNY), BioMarin Pharmaceutical (BMRN), Repligen (RGEN), Neurocrine Biosciences (NBIX), Ionis Pharmaceuticals (IONS), Novavax (NVAX) and United Therapeutics (UTHR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Biogen investors own include NVIDIA (NVDA), Gilead Sciences (GILD), Netflix (NFLX), Tesla (TSLA), Alibaba Group (BABA), Amgen (AMGN), The Walt Disney (DIS), Intel (INTC), Micron Technology (MU) and The Boeing (BA).

Biogen trades on the NASDAQ under the ticker symbol "BIIB."

Biogen's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (0.11%), Gateway Investment Advisers LLC (0.04%), State of Alaska Department of Revenue (0.04%), Hexavest Inc. (0.03%), Rhenman & Partners Asset Management AB (0.03%) and Pacer Advisors Inc. (0.02%). Company insiders that own Biogen stock include Alexander J Denner, Alfred Sandrock, Brian S Posner, Michel Vounatsos, Robert W Pangia and Stephen A Sherwin.
View institutional ownership trends for Biogen.

BIIB stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, State of Alaska Department of Revenue, Hexavest Inc., Busey Wealth Management, Pendal Group Limited, Cullinan Associates Inc., Exchange Traded Concepts LLC, and Spectrum Asset Management Inc. NB CA. Company insiders that have sold Biogen company stock in the last year include Alfred Sandrock, and Stephen A Sherwin.
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BIIB stock was bought by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, Rhenman & Partners Asset Management AB, FNY Investment Advisers LLC, Prairiewood Capital LLC, Kestra Advisory Services LLC, Traynor Capital Management Inc., OneAscent Financial Services LLC, and NuWave Investment Management LLC. Company insiders that have bought Biogen stock in the last two years include Alexander J Denner, and Michel Vounatsos.
View insider buying and selling activity for Biogen or or view top insider-buying stocks.

Shares of BIIB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BIIB stock can currently be purchased for approximately $270.12.

Biogen has a market capitalization of $41.57 billion and generates $14.38 billion in revenue each year. The biotechnology company earns $5.89 billion in net income (profit) each year or $33.57 on an earnings per share basis. Biogen employs 7,400 workers across the globe.

The official website for Biogen is www.biogen.com.

Biogen's mailing address is 225 BINNEY STREET, CAMBRIDGE MA, 02142. The biotechnology company can be reached via phone at 617-679-2000 or via email at [email protected]