Incyte (INCY) Stock Forecast, Price Target & Predictions


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INCY Stock Forecast


Incyte stock forecast is as follows: an average price target of $81.00 (represents a 27.44% upside from INCY’s last price of $63.56) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

INCY Price Target


The average price target for Incyte (INCY) is $81.00 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $136.00 to $48.00. This represents a potential 27.44% upside from INCY's last price of $63.56.

INCY Analyst Ratings


Buy

According to 17 Wall Street analysts, Incyte's rating consensus is 'Buy'. The analyst rating breakdown for INCY stock is 0 'Strong Buy' (0.00%), 10 'Buy' (58.82%), 7 'Hold' (41.18%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Incyte Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 18, 2024David LebowitzCitigroup$92.00$62.1648.01%44.75%
Jul 31, 2024Brian AbrahamsRBC Capital$66.00$65.700.46%3.84%
Jul 26, 2024Jay OlsonOppenheimer$81.00$68.5718.13%27.44%
Jul 02, 2024Evan SeigermanBMO Capital$48.00$60.87-21.14%-24.48%
May 23, 2024James ShinDeutsche Bank$55.00$58.20-5.50%-13.47%
Apr 30, 2024Evan David SeigermanBMO Capital$52.00$52.05-0.10%-18.19%
Apr 25, 2024Jasper HellwegArgus Research$70.00$50.4838.67%10.13%
Feb 08, 2023-Cowen & Co.$100.00$80.3824.42%57.33%
Jan 03, 2023-Wells Fargo$75.00$79.73-5.94%18.00%
Aug 15, 2022Jay OlsonOppenheimer$98.00$73.9932.45%54.19%
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The latest Incyte stock forecast, released on Aug 18, 2024 by David Lebowitz from Citigroup, set a price target of $92.00, which represents a 48.01% increase from the stock price at the time of the forecast ($62.16), and a 44.75% increase from INCY last price ($63.56).

Incyte Price Target by Period


1M3M12M
# Anlaysts147
Avg Price Target$92.00$71.75$66.29
Last Closing Price$63.56$63.56$63.56
Upside/Downside44.75%12.89%4.30%

In the current month, the average price target of Incyte stock is $92.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 44.75% increase as opposed to Incyte's last price of $63.56. This month's average price target is up 28.22% compared to last quarter, and up 38.78% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 03, 2024RBC CapitalSector PerformSector PerformHold
Aug 15, 2024BMO CapitalUnderperformUnderperformHold
Jul 31, 2024BarclaysOverweightOverweightHold
Jul 31, 2024RBC CapitalSector PerformSector PerformHold
Jul 31, 2024CitigroupBuyBuyHold
Jul 26, 2024OppenheimerOutperformOutperformHold
Jul 02, 2024BMO CapitalMarket PerformUnderperformDowngrade
Jun 18, 2024RBC CapitalMarket PerformMarket PerformHold
May 23, 2024RBC CapitalMarket PerformMarket PerformHold
May 23, 2024OppenheimerUnderperformUnderperformHold
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Incyte's last stock rating was published by RBC Capital on Sep 03, 2024. The company gave INCY a "Sector Perform" rating, the same as its previous rate.

Incyte Financial Forecast


Incyte Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 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 19
Revenue-------------$919.02M$954.61M$808.67M$926.70M$823.30M$911.40M$733.24M$862.85M$812.99M$705.71M$604.72M$789.51M$620.64M$688.04M$568.51M$579.39M$551.58M
Avg Forecast$1.39B$1.33B$1.26B$1.10B$1.20B$1.15B$1.13B$999.87M$1.14B$1.08B$1.01B$921.89M$1.00B$963.63M$909.68M$859.17M$878.25M$842.66M$818.49M$749.98M$812.44M$746.09M$685.41M$659.08M$660.12M$622.63M$608.32M$556.06M$575.04M$534.94M
High Forecast$1.41B$1.35B$1.28B$1.11B$1.21B$1.16B$1.14B$1.01B$1.15B$1.16B$1.03B$931.84M$1.04B$999.01M$919.49M$868.43M$887.73M$851.75M$853.12M$781.71M$846.81M$777.65M$714.40M$686.96M$688.04M$648.97M$634.05M$579.58M$599.37M$557.57M
Low Forecast$1.37B$1.31B$1.24B$1.08B$1.18B$1.13B$1.11B$981.64M$1.11B$1.06B$996.35M$905.09M$971.32M$941.00M$893.10M$843.51M$862.25M$827.30M$799.75M$732.80M$793.83M$729.00M$669.71M$643.98M$645.00M$608.37M$594.39M$543.32M$561.87M$522.69M
# Analysts66121110987813648141376686711713131599168
Surprise %-------------0.95%1.05%0.94%1.06%0.98%1.11%0.98%1.06%1.09%1.03%0.92%1.20%1.00%1.13%1.02%1.01%1.03%

Incyte's average Quarter revenue forecast for Dec 23 based on 8 analysts is $1.00B, with a low forecast of $971.32M, and a high forecast of $1.04B. INCY's average Quarter revenue forecast represents a 9.11% increase compared to the company's last Quarter revenue of $919.02M (Sep 23).

Incyte EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 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 19
# Analysts66121110987813648141376686711713131599168
EBITDA-------------$260.65M$193.78M$63.84M$121.08M$144.69M$258.27M$124.18M$135.63M$224.60M$186.45M$83.52M$181.70M$9.98M$320.46M$-690.38M$139.96M$162.48M
Avg Forecast$215.34M$206.25M$195.69M$170.54M$185.42M$177.51M$174.80M$154.70M$175.71M$166.38M$157.02M$125.06M$155.14M$149.09M$140.75M$113.69M$135.88M$147.32M$126.64M$103.35M$125.70M$115.44M$106.05M$79.60M$102.13M$96.33M$94.12M$-4.16B$88.97M$82.77M
High Forecast$217.66M$208.47M$197.80M$172.38M$187.42M$179.43M$176.69M$156.37M$177.61M$180.25M$158.71M$150.07M$161.23M$154.57M$142.27M$136.42M$137.35M$176.78M$132.00M$124.02M$131.02M$120.32M$110.53M$95.52M$106.46M$100.41M$98.10M$-3.32B$92.74M$86.27M
Low Forecast$211.41M$202.49M$192.12M$167.43M$182.04M$174.28M$171.62M$151.88M$172.51M$163.30M$154.16M$100.04M$150.28M$145.59M$138.18M$90.95M$133.41M$117.86M$123.74M$82.68M$122.82M$112.79M$103.62M$63.68M$99.80M$94.13M$91.96M$-4.99B$86.93M$80.87M
Surprise %-------------1.75%1.38%0.56%0.89%0.98%2.04%1.20%1.08%1.95%1.76%1.05%1.78%0.10%3.40%0.17%1.57%1.96%

8 analysts predict INCY's average Quarter EBITDA for Dec 23 to be $155.14M, with a high of $161.23M and a low of $150.28M. This is -40.48% lower than Incyte's previous annual EBITDA (Sep 23) of $260.65M.

Incyte Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 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 19
# Analysts66121110987813648141376686711713131599168
Net Income-------------$171.27M$203.55M$21.70M$28.46M$112.78M$161.43M$37.99M$563.85M$181.74M$149.46M$53.53M$149.85M$-15.20M$290.30M$-720.64M$111.00M$128.27M
Avg Forecast$403.62M$386.13M$372.56M$285.20M$332.06M$314.61M$303.26M$233.45M$309.89M$277.08M$163.16M$54.20M$250.55M$181.91M$151.85M$49.28M$65.45M$119.21M$122.36M$44.80M$122.42M$126.99M$120.79M$51.03M$117.50M$111.56M$105.16M$-4.34B$77.61M$96.77M
High Forecast$409.28M$391.54M$377.78M$289.20M$336.72M$319.02M$307.52M$236.72M$314.24M$381.75M$165.44M$65.04M$277.47M$215.79M$153.98M$59.13M$66.37M$143.05M$129.09M$53.76M$129.15M$133.97M$127.43M$61.23M$123.96M$117.69M$110.94M$-3.47B$81.87M$102.09M
Low Forecast$394.06M$376.98M$363.73M$278.44M$324.19M$307.15M$296.08M$227.92M$302.55M$178.56M$159.29M$43.36M$225.71M$112.35M$148.25M$39.42M$63.90M$95.37M$118.72M$35.84M$118.77M$123.21M$117.19M$40.82M$114.00M$108.24M$102.03M$-5.21B$75.30M$93.89M
Surprise %-------------0.94%1.34%0.44%0.43%0.95%1.32%0.85%4.61%1.43%1.24%1.05%1.28%-0.14%2.76%0.17%1.43%1.33%

Incyte's average Quarter net income forecast for Dec 23 is $250.55M, with a range of $225.71M to $277.47M. INCY's average Quarter net income forecast represents a 46.29% increase compared to the company's last Quarter net income of $171.27M (Sep 23).

Incyte SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 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 19
# Analysts66121110987813648141376686711713131599168
SG&A-------------$267.89M$283.93M$315.61M$272.82M$266.50M$253.28M$209.58M$226.20M$190.70M$168.90M$153.80M$167.00M$120.80M$118.00M$113.28M$136.18M$102.61M
Avg Forecast$352.97M$338.07M$320.77M$279.54M$303.93M$290.97M$286.53M$253.58M$288.02M$272.72M$257.38M$299.04M$254.30M$244.39M$230.71M$271.85M$222.74M$125.09M$207.58M$247.14M$206.05M$189.22M$173.83M$146.59M$167.41M$157.91M$154.28M$141.02M$145.84M$135.67M
High Forecast$356.78M$341.71M$324.22M$282.56M$307.21M$294.11M$289.62M$256.31M$291.12M$295.45M$260.15M$358.85M$264.28M$253.36M$233.20M$326.23M$225.14M$150.10M$216.36M$296.57M$214.76M$197.22M$181.18M$175.91M$174.50M$164.59M$160.80M$146.99M$152.01M$141.41M
Low Forecast$346.54M$331.91M$314.92M$274.45M$298.39M$285.67M$281.31M$248.96M$282.77M$267.67M$252.69M$239.23M$246.34M$238.65M$226.50M$217.48M$218.68M$100.07M$202.83M$197.71M$201.33M$184.88M$169.85M$117.27M$163.58M$154.29M$150.74M$137.79M$142.50M$132.56M
Surprise %-------------1.10%1.23%1.16%1.22%2.13%1.22%0.85%1.10%1.01%0.97%1.05%1.00%0.77%0.76%0.80%0.93%0.76%

Incyte's average Quarter SG&A projection for Dec 23 is $254.30M, based on 8 Wall Street analysts, with a range of $246.34M to $264.28M. The forecast indicates a -5.07% fall compared to INCY last annual SG&A of $267.89M (Sep 23).

Incyte EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 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 19
# Analysts66121110987813648141376686711713131599168
EPS-------------$0.76$0.91$0.10$0.13$0.51$0.73$0.17$2.55$0.82$0.68$0.24$0.68$-0.07$1.33$-3.33$0.51$0.60
Avg Forecast$1.85$1.77$1.71$1.31$1.52$1.44$1.39$1.07$1.42$1.27$0.75$0.78$1.15$0.83$0.70$0.56$0.30$0.50$0.56$0.46$0.56$0.58$0.55$0.45$0.54$0.51$0.48$0.35$0.36$0.44
High Forecast$1.88$1.79$1.73$1.33$1.54$1.46$1.41$1.08$1.44$1.75$0.76$0.79$1.27$0.99$0.71$0.57$0.30$0.51$0.59$0.48$0.59$0.61$0.58$0.48$0.57$0.54$0.51$0.37$0.38$0.47
Low Forecast$1.81$1.73$1.67$1.28$1.49$1.41$1.36$1.04$1.39$0.82$0.73$0.76$1.03$0.51$0.68$0.55$0.29$0.49$0.54$0.44$0.54$0.56$0.54$0.44$0.52$0.50$0.47$0.34$0.35$0.43
Surprise %-------------0.91%1.31%0.18%0.43%1.01%1.30%0.37%4.54%1.41%1.23%0.53%1.26%-0.14%2.76%-9.58%1.43%1.35%

According to 8 Wall Street analysts, Incyte's projected average Quarter EPS for Dec 23 is $1.15, with a low estimate of $1.03 and a high estimate of $1.27. This represents a 51.11% increase compared to INCY previous annual EPS of $0.76 (Sep 23).

Incyte Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ARWRArrowhead Pharmaceuticals$21.49$45.38111.17%Buy
APLSApellis Pharmaceuticals$37.62$75.81101.52%Buy
RAREUltragenyx Pharmaceutical$58.74$108.1484.10%Buy
ACADACADIA Pharmaceuticals$16.32$26.5762.81%Buy
SRPTSarepta Therapeutics$124.65$169.9336.33%Buy
FOLDAmicus Therapeutics$11.30$15.3335.66%Buy
BMRNBioMarin Pharmaceutical$84.90$111.4131.22%Buy
HRMYHarmony Biosciences$38.91$50.6730.22%Buy
DNLIDenali Therapeutics$30.77$40.0030.00%Buy
INCYIncyte$63.56$81.0027.44%Buy
AXSMAxsome Therapeutics$93.67$117.8325.79%Buy
BGNEBeiGene$198.49$247.7524.82%Buy
IONSIonis Pharmaceuticals$42.19$50.8420.50%Buy
ALNYAlnylam Pharmaceuticals$265.27$250.16-5.70%Buy
UTHRUnited Therapeutics$339.12$312.50-7.85%Buy
ARGXargenx SE$538.01$446.55-17.00%Buy
RXDXPrometheus Biosciences$199.92$138.57-30.69%Buy

INCY Forecast FAQ


Yes, according to 17 Wall Street analysts, Incyte (INCY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 58.82% of INCY's total ratings.

Incyte (INCY) average price target is $81 with a range of $48 to $136, implying a 27.44% from its last price of $63.56. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for INCY stock, the company can go up by 27.44% (from the last price of $63.56 to the average price target of $81), up by 113.97% based on the highest stock price target, and down by -24.48% based on the lowest stock price target.

INCY's highest twelve months analyst stock price target of $136 supports the claim that Incyte can reach $100 in the near future.

1 Wall Street analyst forecast a $92 price target for Incyte (INCY) this month, up 44.75% from its last price of $63.56. Compared to the last 3 and 12 months, the average price target increased by 12.89% and increased by 4.30%, respectively.

Incyte's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.48B (high $4.52B, low $4.39B), average EBITDA is $692.44M (high $699.91M, low $679.82M), average net income is $1.18B (high $1.2B, low $1.16B), average SG&A $1.14B (high $1.15B, low $1.11B), and average EPS is $5.42 (high $5.5, low $5.3). INCY's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.09B (high $5.15B, low $5B), average EBITDA is $787.82M (high $796.31M, low $773.46M), average net income is $1.45B (high $1.47B, low $1.41B), average SG&A $1.29B (high $1.31B, low $1.27B), and average EPS is $6.63 (high $6.73, low $6.48).

Based on Incyte's last annual report (Dec 2022), the company's revenue was $3.39B, beating the average analysts forecast of $3.29B by 3.20%. Apple's EBITDA was $631.52M, beating the average prediction of $513.2M by 23.06%. The company's net income was $340.66M, missing the average estimation of $351.82M by -3.17%. Apple's SG&A was $1B, beating the average forecast of $802.54M by 24.87%. Lastly, the company's EPS was $1.53, missing the average prediction of $1.82 by -15.96%. In terms of the last quarterly report (Sep 2023), Incyte's revenue was $919.02M, missing the average analysts' forecast of $963.63M by -4.63%. The company's EBITDA was $260.65M, beating the average prediction of $149.09M by 74.82%. Incyte's net income was $171.27M, missing the average estimation of $181.91M by -5.85%. The company's SG&A was $267.89M, beating the average forecast of $244.39M by 9.62%. Lastly, the company's EPS was $0.76, missing the average prediction of $0.834 by -8.85%