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Regeneron Pharmaceuticals, Illumina and Vertex Pharmaceuticals Are Promising Stocks in the Biotechnology Industry

20 July 2020

The biotechnology industry is currently on the high demand, especially with increasing number of new diseases every year. Biotechnology companies discover, develop and promote their products that can overcome the health issues. Many companies are in a constant global fighting and time to come up with best and effective solution to defeat the coronavirus and other important diseases. Regeneron Pharmaceuticals, Illumina and Vertex Pharmaceuticals Incorporated are expected promising stocks in biotechnology industry. 

Regeneron Pharmaceuticals Inc, NASDAQ: REGN, Inc. discovers, develops, and commercializes pharmaceutical products for the treatment of serious medical conditions. They originally focused on neurotrophic factors, it branched out into the study of both cytokine and tyrosine kinase receptors. Regeneron Pharmaceuticals Inc was founded on 1988. Regeneron Pharmaceuticals Inc has a market cap of $64.92 billion with the trailing twelve months (TTM) revenue of $8.32 billion that ended Mar 30, 2020. Moreover, REGN has a gross profit (TTM) 4.04 billion. Regeneron Pharmaceuticals Inc closed at $644.06 with a profit of $11.85 (+1.87%). The forecast analysis expects gain for REGN in the duration of 12-month investment with a high price target of $1009.278. For the long-term investment of 5-year, REGN revenue is expected to rise around +17.79% and target price to be at $3620.027.

Illumina, Inc. NASDAQ: ILMN, was Founded on 1998. The company is focusing on genetic variation and biological function, providing a comprehensive line of products and services that currently serve the sequencing, genotyping and gene expression markets for genomic research centers, pharmaceutical companies, academic institutions and biotechnology companies. Illumina has a market cap of $55.25 billion with the trailing twelve months (TTM) revenue of $3.56 billion that ended Mar 28, 2020. Illumina gain profit of $7.76 (+2.06%), and closed at $383.64. According to the forecast analyst of ILMN stock, growth is expected about 31.343% and hit the price of $648.715. For the forecast analysis, long-term investment of 5 years Illumina is expected to reach the target of $2192.882.

Vertex Pharmaceuticals Incorporated, NASDAQ: VRTX, is an American biopharmaceutical company founded in 1989. The company discover, develops, and commercializes new products over 30 years. Vertex Pharmaceuticals develops drugs for the treatment of cystic fibrosis, cancer, inflammatory bowel, autoimmune disease, and neurological disorders. The market cap of Vertex Pharmaceuticals Incorporated is $76.52 billion. The revenue (TTM) of VRTX is $4.82 billion, with a gross profit (TTM) of $1.86 billion. VRTX operating cash flow (TTM) of $2.06 billion, with a levered free cash flow (TTM) $1.33 billion. Vertex Pharmaceuticals Incorporated closed at $294.53 with a gain of $3.97 (+1.37%). The 25 analysts offering 12-month price forecasts for VRTX have a median target of $309, with a high estimate of $340 and a low estimate of $245. The median estimate represents a 4.91% increase from the closing price. For the long-term 5-year investment, VRTX is expected to gain about +25.74%.


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Everything posted herein is the Personal Opinion of the Author(s) and does not represent a statement made by TeleTrade. TeleTrade is providing this for informational purposes.

Hussain Shabbir

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