In the first quarter, Ionis Pharmaceuticals’ (IONS) revenue grew 24.7% year-over-year to $144.4 million from $115.8 million. Analysts expect Ionis’s top line to rise ~30.2% to ~$135.7 million in the second quarter. The chart below shows analysts’ recommendations for Ionis stock over the last year.
Ionis’s stock price has fallen ~2.1% over the last 12 months and ~12.9% year-to-date. Analysts’ 12-month target price of $59.91 implies a ~36.8% return based on the stock’s May 22 price of $43.80.
Of the 13 analysts tracking Ionis, one recommends “strong buy,” three recommend “buy,” seven recommend “hold,” one recommends “sell,” and one recommends “strong sell.” Their consensus rating for Ionis is 2.9, which represents a moderate “buy” for value investors. Analysts’ estimates and recommendations change based on companies’ stock prices and performance.
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