Incyte - INCY Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Incyte in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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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14 brokerages have issued 1-year target prices for Incyte's stock. Their INCY share price forecasts range from $61.00 to $113.00. On average, they expect the company's stock price to reach $85.64 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price.
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Incyte's stock was trading at $80.32 at the start of the year. Since then, INCY stock has decreased by 11.4% and is now trading at $71.14.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Incyte Co. (NASDAQ:INCY) announced its quarterly earnings results on Tuesday, February, 7th. The biopharmaceutical company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.03. The biopharmaceutical company had revenue of $926.70 million for the quarter, compared to the consensus estimate of $880.25 million. Incyte had a trailing twelve-month return on equity of 11.45% and a net margin of 10.03%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) EPS.
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ETFs with the largest weight of Incyte (NASDAQ:INCY) stock in their portfolio include Invesco Dynamic Biotechnology & Genome ETF (PBE), Hennessy Stance ESG Large Cap ETF (STNC), ARK Genomic Revolution ETF (ARKG), First Trust NYSE Arca Biotechnology Index Fund (FBT), WBI BullBear Quality 3000 ETF (WBIL), VanEck Biotech ETF (BBH), WisdomTree U.S. Growth & Momentum Fund (WGRO) and IQ U.S. Mid Cap R&D Leaders ETF (MRND).

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 variety of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (2.05%), Geode Capital Management LLC (1.74%), First Trust Advisors LP (1.52%), Price T Rowe Associates Inc. MD (0.86%), Morgan Stanley (0.85%) and Norges Bank (0.70%). Insiders that own company stock include Barry P Flannelly, Bros Advisors Lp Baker, Dashyant Dhanak, Herve Hoppenot, Jonathan Elliott Dickinson, Maria E Pasquale, 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 $71.14.

Incyte (NASDAQ:INCY) has a market capitalization of $15.86 billion and generates $3.39 billion in revenue each year. The biopharmaceutical company earns $340.66 million in net income (profit) each year or $1.52 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.