Exelixis (EXEL) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Exelixis in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EXEL shares.
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14 equities research analysts have issued 1 year price targets for Exelixis' stock. Their EXEL share price forecasts range from $18.00 to $32.00. On average, they expect the company's stock price to reach $24.73 in the next year. This suggests a possible upside of 14.6% from the stock's current price.
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Exelixis' stock was trading at $16.04 at the beginning of the year. Since then, EXEL shares have increased by 34.5% and is now trading at $21.58.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our EXEL earnings forecast.

Exelixis, Inc. (NASDAQ:EXEL) announced its quarterly earnings results on Tuesday, August, 1st. The biotechnology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. The biotechnology company earned $469.85 million during the quarter, compared to analyst estimates of $448.59 million. Exelixis had a net margin of 9.58% and a trailing twelve-month return on equity of 6.53%.

ETFs with the largest weight of Exelixis (NASDAQ:EXEL) stock in their portfolio include iShares Genomics Immunology and Healthcare ETF (IDNA), First Trust NYSE Arca Biotechnology Index Fund (FBT), Invesco Biotechnology & Genome ETF (PBE), Virtus LifeSci Biotech Products ETF (BBP), Range Cancer Therapeutics ETF (CNCR), IQ U.S. Mid Cap R&D Leaders ETF (MRND), SPDR S&P Biotech ETF (XBI) and Inspire Fidelis Multi Factor ETF (FDLS).

Exelixis issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.77 billion-$1.88 billion, compared to the consensus revenue estimate of $1.82 billion.

75 employees have rated Exelixis Chief Executive Officer Michael M. Morrissey on Glassdoor.com. Michael M. Morrissey has an approval rating of 79% among the company's employees. 38.0% of employees surveyed would recommend working at Exelixis to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Exelixis investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Gilead Sciences (GILD), Intel (INTC), Alibaba Group (BABA), Incyte (INCY), BioMarin Pharmaceutical (BMRN), Vertex Pharmaceuticals (VRTX) and AbbVie (ABBV).

Exelixis trades on the NASDAQ under the ticker symbol "EXEL."

Exelixis' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.11%), Renaissance Technologies LLC (4.60%), State Street Corp (4.05%), Assenagon Asset Management S.A. (1.76%), Meditor Group Ltd (1.58%) and Geode Capital Management LLC (1.58%). Insiders that own company stock include Alan M Garber, Carl B Feldbaum, Charles Cohen, Christopher J Senner, Christopher J Senner, Dana Aftab, George Poste, Gisela Schwab, Jack L Wyszomierski, Jack L Wyszomierski, Jeffrey Hessekiel, Lance Willsey, Patrick J Haley, Patrick J Haley, Peter Lamb, Stelios Papadopoulos and Vincent T Marchesi.
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Shares of EXEL 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 EXEL stock can currently be purchased for approximately $21.58.

Exelixis (NASDAQ:EXEL) has a market capitalization of $6.87 billion and generates $1.61 billion in revenue each year. The biotechnology company earns $182.28 million in net income (profit) each year or $0.51 on an earnings per share basis.

The company employs 1,223 workers across the globe.

Exelixis' mailing address is 1851 Harbor Bay Parkway, Alameda CA, 94502. The official website for the company is www.exelixis.com. The biotechnology company can be reached via phone at (650) 837-7000, via email at shubbard@exelixis.com, or via fax at 650-837-8300.