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Buy Rating Backed by 2026 Oncology Catalysts and Margin Outperformance Driving 40%+ Mid-Term EPS Upside

Buy Rating Backed by 2026 Oncology Catalysts and Margin Outperformance Driving 40%+ Mid-Term EPS Upside

In a report released today, Charlie Haywood from Bank of America Securities maintained a Buy rating on Genmab A/S, with a price target of DKK2,500.00.

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Charlie Haywood has given his Buy rating due to a combination of factors including solid medium-term guidance and a rich pipeline of late-stage catalysts. Management’s FY26 outlook shows revenue only slightly below consensus but operating profit tracking above expectations, reflecting disciplined cost control and a strong financial base to fund growth.

He also sees substantial upside from three pivotal 2026 readouts for Epkinly, Rina-S and Peto, each targeting multibillion-dollar peak sales opportunities in sizable oncology markets. Despite mixed second-line Epkinly monotherapy data, he views the impact on key first- and second-line combination trials as limited, with strong prior datasets and supportive KOL feedback underpinning confidence in more than 40% potential EPS upside over the mid term.

According to TipRanks, Haywood is a 2-star analyst with an average return of 11.2% and a 25.00% success rate.

In another report released on February 16, Jefferies also maintained a Buy rating on the stock with a DKK2,650.00 price target.

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