Biogen - BIIB Stock Forecast, Price & News

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last year. There are currently 13 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BIIB shares.
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26 equities research analysts have issued 1 year target prices for Biogen's stock. Their BIIB share price forecasts range from $185.00 to $305.00. On average, they expect the company's stock price to reach $248.56 in the next year. This suggests a possible upside of 27.0% from the stock's current price.
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Biogen's stock was trading at $239.92 on January 1st, 2022. Since then, BIIB stock has decreased by 18.4% and is now trading at $195.75.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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Biogen Inc. (NASDAQ:BIIB) issued its earnings results on Wednesday, July, 20th. The biotechnology company reported $5.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.09 by $1.16. The biotechnology company earned $2.59 billion during the quarter, compared to analyst estimates of $2.48 billion. Biogen had a trailing twelve-month return on equity of 22.36% and a net margin of 19.36%. The firm's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.68 EPS.
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Biogen updated its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of $15.25-$16.75 for the period, compared to the consensus EPS estimate of $15.54. The company issued revenue guidance of $9.90 billion-$10.10 billion, compared to the consensus revenue estimate of $9.84 billion.

394 employees have rated Biogen Chief Executive Officer Michel Vounatsos on Glassdoor.com. Michel Vounatsos has an approval rating of 86% among the company's employees. 72.0% of employees surveyed would recommend working at Biogen to a friend.

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), Walt Disney (DIS), Intel (INTC), Micron Technology (MU) and Boeing (BA).

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

Biogen's stock is owned by a variety of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (10.84%), State Street Corp (4.74%), Clearbridge Investments LLC (1.36%), Northern Trust Corp (1.18%), Deutsche Bank AG (1.15%) and Renaissance Technologies LLC (1.07%). Insiders that own company stock include Alfred Sandrock, Brian S Posner, Michel Vounatsos and Stephen A Sherwin.
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Shares of BIIB stock 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.
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One share of BIIB stock can currently be purchased for approximately $195.75.

Biogen (NASDAQ:BIIB) has a market capitalization of $28.41 billion and generates $10.98 billion in revenue each year. The biotechnology company earns $1.56 billion in net income (profit) each year or $14.02 on an earnings per share basis.

The company employs 9,610 workers across the globe.

Biogen's mailing address is 225 BINNEY STREET, CAMBRIDGE MA, 02142. The official website for the company is www.biogen.com. The biotechnology company can be reached via phone at (617) 679-2000, via email at ir@biogen.com, or via fax at 617-679-2617.