Alkermes (ALKS) Stock Forecast, Price Target & Predictions


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ALKS Stock Forecast


Alkermes stock forecast is as follows: an average price target of $35.50 (represents a 28.34% upside from ALKS’s last price of $27.66) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

ALKS Price Target


The average price target for Alkermes (ALKS) is $35.50 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $27.00. This represents a potential 28.34% upside from ALKS's last price of $27.66.

ALKS Analyst Ratings


Buy

According to 9 Wall Street analysts, Alkermes's rating consensus is 'Buy'. The analyst rating breakdown for ALKS stock is 0 'Strong Buy' (0.00%), 5 'Buy' (55.56%), 4 'Hold' (44.44%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Alkermes Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 10, 2024Akash TewariJefferies$50.00$26.7387.06%80.77%
Apr 09, 2024Vamil DivanMizuho Securities$35.00$26.7330.94%26.54%
Apr 09, 2024Akash TewariJefferies$25.00$26.95-7.24%-9.62%
Mar 18, 2024Joel BeattyRobert W. Baird$37.00$27.5334.40%33.77%
Dec 06, 2022-J.P. Morgan$29.00$25.0015.98%4.84%
Apr 28, 2022-Leerink Partners$27.00$30.38-11.13%-2.39%
Apr 21, 2022-Leerink Partners$25.00$29.40-14.97%-9.62%
Apr 20, 2022-Goldman Sachs$35.00$28.4822.89%26.54%
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The latest Alkermes stock forecast, released on Apr 10, 2024 by Akash Tewari from Jefferies, set a price target of $50.00, which represents a 87.06% increase from the stock price at the time of the forecast ($26.73), and a 80.77% increase from ALKS last price ($27.66).

Alkermes Price Target by Period


1M3M12M
# Anlaysts--4
Avg Price Target--$36.75
Last Closing Price$27.66$27.66$27.66
Upside/Downside-100.00%-100.00%32.86%

In the current month, the average price target of Alkermes stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Alkermes's last price of $27.66. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jul 25, 2024H.C. WainwrightNeutralNeutralHold
Jul 15, 2024H.C. WainwrightBuyBuyHold
Jul 15, 2024Cowen & Co.UnderperformUnderperformHold
Jun 17, 2024Piper SandlerBuyBuyHold
Jun 17, 2024Cowen & Co.-BuyInitialise
Jun 04, 2024JefferiesBuyBuyHold
May 23, 2024Piper SandlerBuyBuyHold
May 23, 2024JefferiesUnderperformUnderperformHold
May 22, 2024Cantor FitzgeraldOverweightOverweightHold
May 02, 2024UBSBuyBuyHold
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Alkermes's last stock rating was published by H.C. Wainwright on Jul 25, 2024. The company gave ALKS a "Neutral" rating, the same as its previous rate.

Alkermes Financial Forecast


Alkermes Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
Revenue--------$377.48M-$617.40M$287.60M$304.67M$252.36M$276.22M$278.55M$324.46M$294.14M$303.72M$251.43M$280.00M$265.01M$247.53M$246.22M$412.73M$255.24M$279.87M$223.10M$225.15M$191.78M
Avg Forecast$408.60M$390.40M$385.00M$359.80M$380.29M$386.04M$393.30M$360.26M$362.22M$362.31M$458.07M$283.41M$289.76M$271.41M$268.97M$256.02M$306.55M$301.38M$275.94M$235.23M$268.63M$238.39M$232.70M$228.27M$404.45M$252.65M$252.45M$216.79M$175.16M$95.90M
High Forecast$424.09M$405.20M$399.60M$373.44M$394.71M$395.41M$408.21M$373.91M$387.95M$379.77M$475.43M$294.16M$300.75M$281.70M$277.32M$263.96M$316.06M$310.74M$284.50M$242.53M$276.96M$245.79M$239.92M$235.36M$417.00M$260.49M$260.29M$223.52M$210.19M$115.08M
Low Forecast$391.67M$374.22M$369.05M$344.89M$364.53M$380.28M$377.00M$345.33M$335.98M$339.26M$439.09M$271.67M$277.76M$260.16M$261.41M$248.82M$297.93M$292.92M$268.19M$228.62M$261.08M$231.69M$226.16M$221.86M$393.08M$245.55M$245.36M$210.70M$140.12M$76.72M
# Analysts43744974796437434744459644741111
Surprise %--------1.04%-1.35%1.01%1.05%0.93%1.03%1.09%1.06%0.98%1.10%1.07%1.04%1.11%1.06%1.08%1.02%1.01%1.11%1.03%1.29%2.00%

Alkermes's average Quarter revenue forecast for Mar 24 based on 4 analysts is $360.26M, with a low forecast of $345.33M, and a high forecast of $373.91M. ALKS's average Quarter revenue forecast represents a -4.56% decrease compared to the company's last Quarter revenue of $377.48M (Dec 23).

Alkermes EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts43744974796437434744459644741111
EBITDA--------$54.63M-$239.19M$-33.77M$-7.75M$-40.67M$-12.36M$-4.38M$13.00M$-4.71M$26.54M$4.96M$-19.45M$24.58M$-3.30M$-7.86M$21.15M$-30.13M$-16.95M$-77.11M$-35.79M$-46.06M
Avg Forecast$6.06M$5.79M$5.71M$5.34M$5.64M$5.73M$5.84M$-184.51M$5.38M$5.38M$6.80M$-197.34M$4.30M$-3.47M$3.99M$-211.06M$4.55M$4.47M$4.10M$33.48M$3.99M$3.54M$3.45M$-15.33M$6.00M$3.75M$3.75M$-91.80M$-25.57M$-50.68M
High Forecast$6.29M$6.01M$5.93M$5.54M$5.86M$5.87M$6.06M$-147.61M$5.76M$5.64M$7.06M$-157.87M$4.46M$-2.77M$4.12M$-168.85M$4.69M$4.61M$4.22M$40.18M$4.11M$3.65M$3.56M$-12.26M$6.19M$3.87M$3.86M$-73.44M$-20.45M$-40.54M
Low Forecast$5.81M$5.55M$5.48M$5.12M$5.41M$5.64M$5.60M$-221.42M$4.99M$5.04M$6.52M$-236.81M$4.12M$-4.16M$3.88M$-253.27M$4.42M$4.35M$3.98M$26.78M$3.87M$3.44M$3.36M$-18.39M$5.83M$3.64M$3.64M$-110.16M$-30.68M$-60.82M
Surprise %--------10.16%-35.18%0.17%-1.80%11.73%-3.10%0.02%2.86%-1.05%6.48%0.15%-4.88%6.95%-0.95%0.51%3.52%-8.04%-4.52%0.84%1.40%0.91%

4 analysts predict ALKS's average Quarter EBITDA for Mar 24 to be $-184.51M, with a high of $-147.61M and a low of $-221.42M. This is -437.74% lower than Alkermes's previous annual EBITDA (Dec 23) of $54.63M.

Alkermes Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts43744974796437434744459644741111
Net Income--------$160.55M-$237.06M$-41.84M$-28.25M$-63.97M$-30.14M$-35.90M$873.00K$-28.99M$2.36M$-22.42M$-42.64M$-134.00K$-29.43M$-38.65M$-5.35M$-52.88M$-41.99M$-96.40M$-62.51M$-68.88M
Avg Forecast$126.52M$113.41M$112.28M$95.18M$129.50M$125.47M$120.37M$-282.49M$76.50M$67.71M$62.78M$-302.12M$7.16M$-21.35M$1.14M$-323.13M$12.70M$9.94M$18.79M$-151.32M$10.55M$317.85K$1.01M$-75.38M$99.07M$-32.74M$-17.25M$-114.76M$-44.64M$-75.79M
High Forecast$132.76M$119.00M$117.81M$99.87M$135.88M$140.96M$126.31M$-225.99M$99.78M$77.16M$65.88M$-241.70M$7.51M$-17.08M$1.18M$-258.50M$13.22M$10.34M$19.55M$-121.06M$10.97M$330.67K$1.05M$-60.30M$103.07M$-31.55M$-16.62M$-91.81M$-35.71M$-60.63M
Low Forecast$119.71M$107.31M$106.23M$90.05M$122.53M$109.98M$113.89M$-338.98M$56.54M$48.81M$59.40M$-362.55M$6.77M$-25.63M$1.09M$-387.75M$12.24M$9.58M$18.10M$-181.59M$10.16M$306.24K$974.55K$-90.45M$95.46M$-34.06M$-17.94M$-137.71M$-53.57M$-90.95M
Surprise %--------2.10%-3.78%0.14%-3.95%3.00%-26.54%0.11%0.07%-2.92%0.13%0.15%-4.04%-0.42%-29.10%0.51%-0.05%1.61%2.43%0.84%1.40%0.91%

Alkermes's average Quarter net income forecast for Mar 24 is $-282.49M, with a range of $-338.98M to $-225.99M. ALKS's average Quarter net income forecast represents a -275.95% decrease compared to the company's last Quarter net income of $160.55M (Dec 23).

Alkermes SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts43744974796437434744459644741111
SG&A--------$169.79M-$205.26M$174.48M$157.54M$152.78M$150.38M$145.05M$160.41M$136.21M$139.19M$125.17M$145.78M$127.65M$132.03M$133.37M$154.45M$148.70M$155.07M$141.22M$118.15M$102.10M
Avg Forecast$201.69M$192.71M$190.04M$177.60M$187.72M$190.56M$194.14M$177.83M$178.80M$178.84M$226.11M$139.90M$143.03M$100.34M$132.77M$126.37M$151.32M$148.77M$136.21M$116.11M$132.60M$117.67M$114.87M$112.68M$199.64M$124.71M$124.61M$168.12M$84.39M$47.34M
High Forecast$209.34M$200.01M$197.25M$184.34M$194.84M$195.18M$201.50M$184.57M$191.50M$187.46M$234.68M$145.20M$148.45M$120.41M$136.89M$130.30M$156.01M$153.39M$140.44M$119.72M$136.71M$121.32M$118.43M$116.18M$205.84M$128.58M$128.48M$201.74M$101.27M$56.81M
Low Forecast$193.33M$184.72M$182.17M$170.24M$179.94M$187.71M$186.09M$170.46M$165.84M$167.47M$216.74M$134.10M$137.11M$80.27M$129.04M$122.82M$147.07M$144.59M$132.38M$112.85M$128.87M$114.37M$111.64M$109.51M$194.03M$121.21M$121.11M$134.50M$67.51M$37.87M
Surprise %--------0.95%-0.91%1.25%1.10%1.52%1.13%1.15%1.06%0.92%1.02%1.08%1.10%1.08%1.15%1.18%0.77%1.19%1.24%0.84%1.40%2.16%

Alkermes's average Quarter SG&A projection for Mar 24 is $177.83M, based on 4 Wall Street analysts, with a range of $170.46M to $184.57M. The forecast indicates a 4.74% rise compared to ALKS last annual SG&A of $169.79M (Dec 23).

Alkermes EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts43744974796437434744459644741111
EPS--------$0.96-$1.43$-0.25$-0.17$-0.39$-0.18$-0.22$0.01$-0.18$0.01$-0.14$-0.27$-0.00$-0.19$-0.24$-0.03$-0.34$-0.27$-0.62$-0.40$-0.45
Avg Forecast$0.74$0.66$0.66$0.56$0.76$0.73$0.70$0.58$0.45$0.40$0.37-$0.04$0.03$0.01$0.02$0.07$0.06$0.11$-0.01$0.06-$0.01$-0.04$0.58$-0.19$-0.10$-0.19$-0.05$-0.10
High Forecast$0.78$0.70$0.69$0.58$0.79$0.82$0.74$0.61$0.58$0.45$0.39-$0.04$0.03$0.01$0.02$0.08$0.06$0.11$-0.01$0.06-$0.01$-0.04$0.60$-0.18$-0.10$-0.18$-0.04$-0.08
Low Forecast$0.70$0.63$0.62$0.53$0.72$0.64$0.67$0.55$0.33$0.29$0.35-$0.04$0.03$0.01$0.02$0.07$0.06$0.11$-0.01$0.06-$0.01$-0.05$0.56$-0.20$-0.10$-0.20$-0.06$-0.12
Surprise %--------2.15%-3.89%-55.99%-4.06%-14.09%-27.11%-9.47%0.07%-3.10%0.09%10.04%-4.38%-0.43%-32.12%5.53%-0.06%1.78%2.68%3.28%8.00%4.50%

According to 4 Wall Street analysts, Alkermes's projected average Quarter EPS for Mar 24 is $0.58, with a low estimate of $0.55 and a high estimate of $0.61. This represents a -39.30% decrease compared to ALKS previous annual EPS of $0.96 (Dec 23).

Alkermes Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PCRXPacira BioSciences$13.11$43.00227.99%Hold
IRWDIronwood Pharmaceuticals$4.57$11.67155.36%Buy
DVAXDynavax$11.17$24.50119.34%Buy
AMPHAmphastar Pharmaceuticals$48.09$66.0037.24%Buy
EOLSEvolus$17.49$22.5028.64%Buy
ALKSAlkermes$27.66$35.5028.34%Buy
ITCIIntra-Cellular Therapies$75.38$94.0024.70%Buy
NBIXNeurocrine Biosciences$122.25$146.6019.92%Buy
ANIPANI Pharmaceuticals$58.51$67.3315.07%Buy
COLLCollegium Pharmaceutical$37.50$41.5010.67%Buy
PBHPrestige Consumer Healthcare$74.12$82.0010.63%Buy
DCPHDeciphera Pharmaceuticals$25.59$26.322.85%Hold
PAHCPhibro Animal Health$21.99$18.67-15.10%Buy

ALKS Forecast FAQ


Yes, according to 9 Wall Street analysts, Alkermes (ALKS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 55.56% of ALKS's total ratings.

Alkermes (ALKS) average price target is $35.5 with a range of $27 to $50, implying a 28.34% from its last price of $27.66. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for ALKS stock, the company can go up by 28.34% (from the last price of $27.66 to the average price target of $35.5), up by 80.77% based on the highest stock price target, and down by -2.39% based on the lowest stock price target.

ALKS's highest twelve months analyst stock price target of $50 supports the claim that Alkermes can reach $40 in the near future.

Alkermes's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $1.52B (high $1.57B, low $1.47B), average EBITDA is $-167M (high $-130M, low $-205M), average net income is $92.85M (high $177.16M, low $7.41M), average SG&A $750.25M (high $776.09M, low $724.21M), and average EPS is $2.78 (high $2.97, low $2.58). ALKS's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.54B (high $1.6B, low $1.48B), average EBITDA is $22.91M (high $23.78M, low $21.96M), average net income is $447.39M (high $469.44M, low $423.29M), average SG&A $762.05M (high $790.94M, low $730.47M), and average EPS is $2.62 (high $2.75, low $2.48).

Based on Alkermes's last annual report (Dec 2022), the company's revenue was $1.11B, beating the average analysts forecast of $1.09B by 2.36%. Apple's EBITDA was $-96.151M, missing the average prediction of $-206M by -53.38%. The company's net income was $-158M, missing the average estimation of $-336M by -52.92%. Apple's SG&A was $605.75M, beating the average forecast of $502.52M by 20.54%. Lastly, the company's EPS was $-0.97, missing the average prediction of $0.0994 by -1075.61%. In terms of the last quarterly report (Dec 2023), Alkermes's revenue was $377.48M, beating the average analysts' forecast of $362.22M by 4.21%. The company's EBITDA was $54.63M, beating the average prediction of $5.38M by 916.20%. Alkermes's net income was $160.55M, beating the average estimation of $76.5M by 109.87%. The company's SG&A was $169.79M, missing the average forecast of $178.8M by -5.04%. Lastly, the company's EPS was $0.96, beating the average prediction of $0.447 by 114.56%