B+
Bull case
25%
Probability
Target price
$123.69
-30.3% vs current
Consensus is mildly constructive with median targets near our base case; near-term focus is the FY2025 print, while longer-term sentiment hinges on late-stage pipeline outcomes.
No evidence quality warning is currently attached to this memo.
Full-year 2025 results and guidance update; historically a primary re-pricing event for the stock.
Potential buyback/dividend commentary or modest buyback tranche announcement that could support the share price.
Clinical or regulatory outcomes for late-stage assets that could drive material upside or downside over a longer horizon.
No formal recommendation provided.