Seagen (SGEN) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seagen in the last twelve months. There are currently 11 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SGEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SGEN, but not buy additional shares or sell existing shares.
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17 analysts have issued 1 year target prices for Seagen's shares. Their SGEN share price forecasts range from $129.00 to $229.00. On average, they anticipate the company's stock price to reach $190.47 in the next twelve months. This suggests that the stock has a possible downside of 10.2%.
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Seagen's stock was trading at $128.51 at the beginning of the year. Since then, SGEN stock has increased by 65.1% and is now trading at $212.15.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our SGEN earnings forecast.

Seagen Inc. (NASDAQ:SGEN) released its earnings results on Wednesday, August, 2nd. The biotechnology company reported ($1.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.78) by $0.35. The biotechnology company had revenue of $603.83 million for the quarter, compared to analyst estimates of $555.68 million. Seagen had a negative net margin of 33.54% and a negative trailing twelve-month return on equity of 26.46%.

ETFs with the largest weight of Seagen (NASDAQ:SGEN) stock in their portfolio include IQ Merger Arbitrage ETF (MNA), VanEck Biotech ETF (BBH), Invesco Nasdaq Biotechnology ETF (IBBQ), First Trust NYSE Arca Biotechnology Index Fund (FBT), iShares Biotechnology ETF (IBB), AltShares Event-Driven ET (EVNT), Principal Healthcare Innovators ETF (BTEC) and AltShares Merger Arbitrage ETF (ARB).

107 employees have rated Seagen Chief Executive Officer Clay B. Siegall on Glassdoor.com. Clay B. Siegall has an approval rating of 99% among the company's employees. This puts Clay B. Siegall in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Seagen investors own include NVIDIA (NVDA), AbbVie (ABBV), Advanced Micro Devices (AMD), Gilead Sciences (GILD), Salesforce (CRM), QUALCOMM (QCOM), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX) and Alibaba Group (BABA).

Seagen trades on the NASDAQ under the ticker symbol "SGEN."

Shares of SGEN 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 SGEN stock can currently be purchased for approximately $212.15.

Seagen (NASDAQ:SGEN) has a market capitalization of $39.82 billion and generates $2.16 billion in revenue each year. The biotechnology company earns $-610,310,000.00 in net income (profit) each year or ($3.89) on an earnings per share basis.

The company employs 3,256 workers across the globe.

Seagen's mailing address is 21823 30TH DRIVE SE SUITE, BOTHELL WA, 98021. The official website for the company is www.seattlegenetics.com. The biotechnology company can be reached via phone at (425) 527-4000, via email at investors@seagen.com, or via fax at 425-527-4001.