Incyte (INCY) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Incyte in the last year. There are currently 1 sell rating, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" INCY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INCY, but not buy additional shares or sell existing shares.
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15 brokerages have issued 12 month price objectives for Incyte's stock. Their INCY share price forecasts range from $61.00 to $100.00. On average, they anticipate the company's share price to reach $81.50 in the next year. This suggests a possible upside of 32.8% from the stock's current price.
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Incyte's stock was trading at $80.32 at the beginning of the year. Since then, INCY shares have decreased by 23.6% and is now trading at $61.39.
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Incyte saw a drop in short interest in May. As of May 15th, there was short interest totaling 7,010,000 shares, a drop of 5.9% from the April 30th total of 7,450,000 shares. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is currently 4.4 days. Approximately 3.2% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our INCY earnings forecast.

Incyte Co. (NASDAQ:INCY) announced its quarterly earnings results on Tuesday, February, 7th. The biopharmaceutical company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. The biopharmaceutical company earned $926.70 million during the quarter, compared to the consensus estimate of $880.25 million. Incyte had a trailing twelve-month return on equity of 9.99% and a net margin of 9.35%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share.
Read the conference call transcript.

ETFs with the largest weight of Incyte (NASDAQ:INCY) stock in their portfolio include Invesco Dynamic Biotechnology & Genome ETF (PBE), First Trust NYSE Arca Biotechnology Index Fund (FBT), ARK Genomic Revolution ETF (ARKG), VanEck Biotech ETF (BBH), IQ U.S. Mid Cap R&D Leaders ETF (MRND), First Trust Nasdaq Pharmaceuticals ETF (FTXH), ASYMmetric Smart S&P 500 ETF (ASPY) and OneAscent Large Cap Core ETF (OALC).

22 employees have rated Incyte Chief Executive Officer Hervé Hoppenot on Glassdoor.com. Hervé Hoppenot has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Incyte investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), (MDVN) (MDVN), First Solar (FSLR), United Airlines (UAL), Dynavax Technologies (DVAX), Micron Technology (MU), (KITE) (KITE), Freeport-McMoRan (FCX) and NVIDIA (NVDA).

Incyte trades on the NASDAQ under the ticker symbol "INCY."

Incyte's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baker BROS. Advisors LP (16.22%), BlackRock Inc. (9.25%), Dodge & Cox (8.67%), State Street Corp (4.18%), Renaissance Technologies LLC (2.51%) and Geode Capital Management LLC (1.78%). Insiders that own company stock include Barry P Flannelly, Bros Advisors Lp Baker, Dashyant Dhanak, Herve Hoppenot, Jonathan Elliott Dickinson, Maria E Pasquale, Michael James Morrissey, Paul Trower, Paula J Swain, Steven H Stein, Thomas Tray, Vijay K Iyengar, Wendy L Dixon and Yao Wenqing.
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Shares of INCY 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 INCY stock can currently be purchased for approximately $61.39.

Incyte (NASDAQ:INCY) has a market capitalization of $13.70 billion and generates $3.39 billion in revenue each year. The biopharmaceutical company earns $340.66 million in net income (profit) each year or $1.45 on an earnings per share basis.

The company employs 2,324 workers across the globe.

Incyte's mailing address is 1801 AUGUSTINE CUT-OFF, WILMINGTON DE, 19803. The official website for the company is www.incyte.com. The biopharmaceutical company can be reached via phone at (302) 498-6700, via email at mbooth@incyte.com, or via fax at 302-425-2750.