Exelixis (EXEL) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Exelixis in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EXEL shares.
View EXEL analyst ratings or view top-rated stocks.

8 Wall Street analysts have issued twelve-month price objectives for Exelixis' shares. Their EXEL share price forecasts range from $20.00 to $32.00. On average, they predict the company's stock price to reach $25.33 in the next year. This suggests a possible upside of 30.0% from the stock's current price.
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Exelixis' stock was trading at $16.04 at the beginning of 2023. Since then, EXEL shares have increased by 21.5% and is now trading at $19.49.
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Exelixis saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 7,410,000 shares, an increase of 21.5% from the April 30th total of 6,100,000 shares. Based on an average trading volume of 3,050,000 shares, the days-to-cover ratio is presently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our EXEL earnings forecast.

Exelixis, Inc. (NASDAQ:EXEL) posted its quarterly earnings results on Tuesday, May, 9th. The biotechnology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by $0.05. The biotechnology company earned $408.79 million during the quarter, compared to analyst estimates of $427.91 million. Exelixis had a net margin of 9.24% and a trailing twelve-month return on equity of 6.20%.

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 Dynamic Biotechnology & Genome ETF (PBE), Virtus LifeSci Biotech Products ETF (BBP), First Trust Health Care AlphaDEX Fund (FXH), ERShares Entrepreneurs ETF (ENTR), IQ U.S. Mid Cap R&D Leaders ETF (MRND) and Invesco S&P MidCap Quality ETF (XMHQ).

Exelixis issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (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 $1.83 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.14%), Farallon Capital Management LLC (7.22%), Renaissance Technologies LLC (4.70%), State Street Corp (3.98%), JPMorgan Chase & Co. (2.38%) and Price T Rowe Associates Inc. MD (1.85%). Insiders that own company stock include Alan M Garber, Carl B Feldbaum, Charles Cohen, 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 $19.49.

Exelixis (NASDAQ:EXEL) has a market capitalization of $6.35 billion and generates $1.61 billion in revenue each year. The biotechnology company earns $182.28 million in net income (profit) each year or $0.48 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.