Piper Sandler raised the firm’s price target on Halozyme (HALO) to $53 from $52 and keeps a Neutral rating on the shares after maintaining FY24 guidance and providing its FY25 outlook. The primary driver of this guidance looks to be greater visibility in wave three launches/conversion rates, with Vyvgart the primary contributor in 2025 and the others having more meaningful impact in 2026, according to Piper. The firm added that 2025 guidance looks “wholly reasonable.”
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Read More on HALO:
- Halozyme price target raised to $70 from $68 at H.C. Wainwright
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- Halozyme raises FY25 adjusted EPS view to $4.95-$5.35 from $4.45-$4.85
- Halozyme announces new $250M accelerated share repurchase plan
- Halozyme backs FY24 adjusted EPS view $4.00-$4.20, consensus $4.14