Incyte - INCY Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Incyte in the last year. There are currently 1 sell rating, 5 hold ratings and 2 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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8 Wall Street analysts have issued 12 month price objectives for Incyte's shares. Their INCY share price forecasts range from $63.00 to $108.00. On average, they predict the company's stock price to reach $84.20 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
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Incyte's stock was trading at $73.40 at the beginning of the year. Since then, INCY shares have increased by 6.3% and is now trading at $78.01.
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Incyte saw a decline in short interest in November. As of November 15th, there was short interest totaling 7,040,000 shares, a decline of 15.9% from the October 31st total of 8,370,000 shares. Based on an average daily volume of 1,400,000 shares, the short-interest ratio is currently 5.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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Incyte Co. (NASDAQ:INCY) released its quarterly earnings results on Tuesday, August, 3rd. The biopharmaceutical company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.26. The biopharmaceutical company had revenue of $705.71 million for the quarter, compared to analysts' expectations of $686.95 million. Incyte had a trailing twelve-month return on equity of 9.04% and a net margin of 26.30%. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share.
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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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.54%), BlackRock Inc. (8.83%), State Street Corp (4.29%), Royal Bank of Canada (4.14%), Renaissance Technologies LLC (2.18%) and Bellevue Group AG (1.23%). 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 $78.01.

Incyte (NASDAQ:INCY) has a market capitalization of $17.36 billion and generates $2.99 billion in revenue each year. The biopharmaceutical company earns $948.58 million in net income (profit) each year or $3.93 on an earnings per share basis.

The company employs 2,094 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.