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Biogen (BIIB) Stock Forecast & Price Target

$230.63
+4.89 (+2.17%)
(As of 06/12/2024 ET)

Biogen - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 26 Analyst Ratings

Consensus Price Target

$286.50
24.22% Upside
High Forecast$373.00
Average Forecast$286.50
Low Forecast$200.00
TypeCurrent Forecast
6/14/23 to 6/13/24
1 Month Ago
5/15/23 to 5/14/24
3 Months Ago
3/16/23 to 3/15/24
1 Year Ago
6/14/22 to 6/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
17 Buy rating(s)
17 Buy rating(s)
19 Buy rating(s)
21 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$286.50$288.46$305.68$330.27
Forecasted Upside24.22% Upside30.35% Upside24.85% Upside20.09% Upside
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BIIB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BIIB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Biogen Stock vs. The Competition

TypeBiogenMedical CompaniesS&P 500
Consensus Rating Score
2.65
2.70
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside24.22% Upside861.97% Upside11.09% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/5/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$317.00 ➝ $317.00+36.15%
5/23/2024HC Wainwright
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 Reiterated RatingBuy ➝ Buy$300.00 ➝ $300.00+33.21%
5/22/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$294.00+31.37%
5/16/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$340.00 ➝ $340.00+48.35%
5/3/2024HSBC
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 Boost TargetBuy ➝ Buy$339.00 ➝ $342.00+57.23%
4/29/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$270.00 ➝ $270.00+24.58%
4/25/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$215.00 ➝ $200.00-1.27%
4/25/2024Wedbush
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 Boost TargetNeutral ➝ Neutral$213.00 ➝ $215.00+6.44%
4/17/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$250.00 ➝ $214.00+11.37%
4/12/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$280.00 ➝ $260.00+27.65%
4/11/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$270.00 ➝ $240.00+19.08%
4/1/2024William Blair
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 Reiterated RatingOutperform
2/22/2024Mizuho
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 Lower TargetBuy ➝ Buy$355.00 ➝ $277.00+25.31%
2/20/2024Cantor Fitzgerald
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E. Schmidt
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Reiterated RatingOverweight ➝ Overweight$311.00+43.02%
2/20/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$310.00 ➝ $305.00+39.35%
2/14/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$333.00 ➝ $316.00+42.91%
2/14/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$350.00 ➝ $325.00+46.41%
2/14/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$295.00 ➝ $285.00+28.15%
2/14/2024Wells Fargo & Company
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 DowngradeOverweight ➝ Equal Weight$315.00 ➝ $240.00+5.89%
2/12/2024Bank Of America (Bofa)
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 Lower TargetNeutral ➝ Neutral$290.00 ➝ $280.00+14.82%
1/7/2024BTIG Research
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T. Shrader
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Reiterated RatingNeutral
12/14/2023Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$315.00 ➝ $287.00+12.30%
12/7/2023Raymond James
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 UpgradeMarket Perform ➝ Outperform$283.00+21.01%
11/10/2023Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$361.00 ➝ $373.00+65.93%
8/8/2023Atlantic Securities
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 Lower TargetNeutral ➝ Neutral$282.00 ➝ $275.00+1.39%
7/27/2023Scotiabank
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 Initiated CoverageSector Outperform$327.00+23.28%
5/11/2023Argus
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 Boost Target$320.00 ➝ $350.00+11.73%
5/1/2023Guggenheim
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 UpgradeNeutral ➝ Buy$270.00 ➝ $350.00+15.04%
2/16/2023Cowen
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 Boost TargetOutperform$300.00 ➝ $315.00+12.91%
12/1/2022The Goldman Sachs Group
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 Reiterated RatingBuy ➝ Buy$370.00+22.16%
11/30/2022Jefferies Financial Group
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 Boost TargetBuy$325.00 ➝ $350.00+20.11%
10/26/2022Cowen
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 Boost Target$270.00 ➝ $300.00+6.36%
10/26/2022SVB Leerink
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 Boost TargetOutperform$270.00 ➝ $310.00+13.32%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:14 AM ET.

BIIB Frequently Asked Questions

What is Biogen's stock forecast and purchase recommendation?

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Biogen is $286.50, with a high forecast of $373.00 and a low forecast of $200.00. The consensus rating for Biogen stock is Moderate Buy based on the current 9 hold ratings and 17 buy ratings for BIIB. Learn more on BIIB's analyst rating history.

Do Wall Street analysts like Biogen more than its competitors?

Analysts like Biogen less than other "medical" companies. The consensus rating score for Biogen is 2.65 while the average consensus rating score for "medical" companies is 2.70. Learn more on how BIIB compares to other companies.

Does Biogen's stock price have much upside?

According to analysts, Biogen's stock has a predicted upside of 27.54% based on their 12-month stock forecasts.

What analysts cover Biogen?

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This page (NASDAQ:BIIB) was last updated on 6/13/2024 by MarketBeat.com Staff

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