Biogen - BIIB Stock Forecast, Price & News

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last twelve months. There are currently 10 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BIIB shares.
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26 Wall Street analysts have issued 1 year price objectives for Biogen's shares. Their BIIB share price forecasts range from $190.00 to $360.00. On average, they expect the company's share price to reach $271.26 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price.
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Biogen's stock was trading at $239.92 at the start of the year. Since then, BIIB stock has increased by 8.6% and is now trading at $260.65.
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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) announced its quarterly earnings results on Wednesday, July, 20th. The biotechnology company reported $5.25 EPS for the quarter, beating the consensus estimate of $4.09 by $1.16. The biotechnology company had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.48 billion. Biogen had a net margin of 19.36% and a trailing twelve-month return on equity of 22.36%. Biogen's revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.68 earnings per share.
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Biogen issued an update on 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 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 number of retail and institutional investors. Top institutional shareholders include Centre Asset Management LLC (0.02%), Symmetry Partners LLC (0.00%), Moody National Bank Trust Division (0.00%), Boltwood Capital Management (0.00%), Bowling Portfolio Management LLC (0.00%) and Wedmont Private Capital (0.00%). 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 $260.65.

Biogen (NASDAQ:BIIB) has a market capitalization of $37.82 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.