Biogen (BIIB) Stock Forecast & Price Target

Q: What analysts cover Biogen?

Biogen has been rated by research analysts at Argus , Canaccord Genuity Group , Citigroup , Evercore , Freedom Capital , Guggenheim , HC Wainwright , JPMorgan Chase & Co. , Mizuho , Morgan Stanley , Needham & Company LLC , Oppenheimer , Piper Sandler , Rothschild & Co Redburn , Royal Bank Of Canada , Sanford C. Bernstein , The Goldman Sachs Group , Truist Financial , UBS Group , Wedbush , and Weiss Ratings in the past 90 days.

$195.44 -3.23 (-1.62%)

As of 02:48 PM Eastern

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Biogen - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 29 Analyst Ratings

Sell
1

Hold
12

Buy
16

Based on 29 Wall Street analysts who have issued ratings for Biogen in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 29 analysts, 1 has given a sell rating, 12 have given a hold rating, 15 have given a buy rating, and 1 has given a strong buy rating for BIIB.

Consensus Price Target

$217.37
11.22% Upside

According to the 29 analysts' twelve-month price targets for Biogen, the average price target is $217.37. The highest price target for BIIB is $300.00, while the lowest price target for BIIB is $150.00. The average price target represents a forecasted upside of 11.22% from the current price of $195.44.

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.

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BIIB Analyst Ratings Over Time

Type	Current Forecast 6/18/25 to 6/18/26	1 Month Ago 5/19/25 to 5/19/26	3 Months Ago 3/20/25 to 3/20/26	1 Year Ago 6/18/24 to 6/18/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	14 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)
Hold	12 Hold rating(s)	13 Hold rating(s)	15 Hold rating(s)	18 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$217.37	$215.62	$205.31	$188.58
Forecasted Upside	11.22% Upside	13.15% Upside	13.14% Upside	49.03% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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.

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.

Biogen Stock vs. The Competition

Type	Biogen	Medical Companies	Broader Market
Consensus Rating Score	2.55	2.29	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	9.08% Upside	715.75% Upside	16.17% Upside
News Sentiment Rating	Positive News See Recent BIIB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
6/18/2026	Morgan Stanley 3 of 5 stars	Matthew Harrison 4 of 5 stars	Boost Target	Equal Weight	$206.00 ➝ $224.00	+12.75%
6/15/2026	Mizuho 4 of 5 stars	Salim Syed 2 of 5 stars	Lower Target	Outperform	$236.00 ➝ $221.00	+11.81%
6/8/2026	Needham & Company LLC 4 of 5 stars	Ami Fadia 5 of 5 stars	Upgrade	Hold ➝ Buy	$255.00	+30.54%
5/27/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Abrahams Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$222.00 ➝ $227.00	+17.57%
5/15/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Amsellem Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight	$214.00 ➝ $225.00	+17.57%
5/15/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform
5/14/2026	HC Wainwright Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew S. Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
5/14/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jay Olson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$275.00 ➝ $300.00	+55.90%
5/1/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold (C-) ➝ Hold (C)
5/1/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Geoff Meacham Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$190.00 ➝ $200.00	+5.66%
Get the Latest News and Ratings for BIIB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Biogen and its competitors with MarketBeat's FREE daily newsletter.
5/1/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
4/30/2026	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Laura Chico Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$191.00 ➝ $196.00	+0.83%
4/30/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Yatin Suneja Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$246.00 ➝ $260.00	+33.76%
4/30/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$180.00 ➝ $190.00	+0.57%
4/30/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		$201.00 ➝ $200.00	+5.87%
4/24/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$231.00 ➝ $238.00	+29.08%
4/23/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$175.00 ➝ $185.00	-2.35%
4/22/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Yee Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$185.00 ➝ $225.00	+21.00%
4/13/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Srikripa Devarakonda Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Hold	$193.00 ➝ $189.00	+8.94%
4/9/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
4/1/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sumant Kulkarni Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$230.00 ➝ $245.00	+33.64%
3/17/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rajesh Kumar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Reduce	$143.00 ➝ $150.00	-18.15%
2/19/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Emily Field Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Equal Weight	$185.00	-3.69%
2/9/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$231.00	+18.86%
2/9/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Phil Nadeau Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$175.00 ➝ $215.00	+6.87%
2/9/2026	Tudor Pickering Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	William Pickering Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$201.00	-0.09%
2/8/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mohit Bansal Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$190.00 ➝ $200.00	-0.59%
2/6/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Evan Seigerman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$165.00 ➝ $196.00	-2.82%
2/6/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Paul Matteis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$202.00 ➝ $214.00	+6.37%
11/28/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Tsai Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$190.00 ➝ $210.00	+15.42%
10/31/2025	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		$255.00 ➝ $250.00	+67.10%
9/24/2025	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
2/13/2025	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	George Farmer Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Outperform	$244.00 ➝ $224.00	+61.69%
2/11/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Neutral	$178.00 ➝ $163.00	+16.94%
10/10/2024	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Danielle Brill Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Market Perform
9/9/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight	$292.00 ➝ $292.00	+46.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:48 PM ET.

Should I Buy Biogen Stock? BIIB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, June 15, 2026. Please send any questions or comments about these Biogen pros and cons to contact@marketbeat.com.

Biogen
Bull Case

Here are some ways that investors could benefit from investing in Biogen Inc.:

Biogen Inc. has recently made significant progress with its next-generation therapy for spinal muscular atrophy, which has received a breakthrough designation from the FDA, indicating its potential to address unmet medical needs.
The company is advancing its product BIIB115 in post-gene therapy spinal muscular atrophy, which adds to investor optimism about its pipeline and potential for long-term growth in a key neurodegeneration market.
Recent data presented on dapirolizumab pegol for lupus shows promising results, including reduced flare rates and lower steroid use, suggesting a strong position in the autoimmune market.
The current stock price is around $195, reflecting a solid market capitalization of approximately $28.84 billion, which indicates a stable investment opportunity in the biotechnology sector.
Biogen Inc. reported earnings that exceeded consensus estimates, showcasing its financial health and ability to generate revenue, which is crucial for sustaining growth and funding research initiatives.

Biogen
Bear Case

Investors should be bearish about investing in Biogen Inc. for these reasons:

There are ongoing legal investigations related to fraud claims against Biogen Inc., which could create uncertainty and negatively impact investor sentiment.
Despite recent advancements, the company faces potential risks from these investigations, which may overshadow positive developments in its product pipeline.
Investor alerts regarding claims investigations could lead to increased volatility in the stock price, making it a riskier investment in the short term.
While the company has a strong pipeline, the competitive landscape in biotechnology is fierce, and there is no guarantee that all products will achieve commercial success.
Market conditions and regulatory challenges can affect the overall performance of Biogen Inc., which may deter some investors looking for more stable opportunities.

BIIB Forecast - Frequently Asked Questions

According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for Biogen is $217.37, with a high forecast of $300.00 and a low forecast of $150.00.

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last twelve months. There is currently 1 sell rating, 12 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BIIB shares.

According to analysts, Biogen's stock has a predicted upside of 11.22% based on their 12-month stock forecasts.

Over the previous 90 days, Biogen's stock had 6 upgrades by analysts.

Biogen has been rated by research analysts at Argus, Canaccord Genuity Group, Citigroup, Evercore, Freedom Capital, Guggenheim, HC Wainwright, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Rothschild & Co Redburn, Royal Bank Of Canada, Sanford C. Bernstein, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, and Weiss Ratings in the past 90 days.

Analysts like Biogen more than other "medical" companies. The consensus rating for Biogen is Moderate Buy while the average consensus rating for "medical" companies is Hold. Learn more on how BIIB compares to other companies.

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This page (NASDAQ:BIIB) was last updated on 6/18/2026 by MarketBeat.com Staff.

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Biogen (BIIB) Stock Forecast & Price Target