tiprankstipranks
Trending News
More News >

Gilead Sciences’ Oncology Advancements: Trodelvy’s Potential to Boost Stock Value

Gilead Sciences’ Oncology Advancements: Trodelvy’s Potential to Boost Stock Value

Leerink Partners analyst Daina Graybosch maintained a Buy rating on Gilead Sciences (GILDResearch Report) on June 2 and set a price target of $115.00.

Confident Investing Starts Here:

Daina Graybosch’s rating is based on Gilead Sciences’ recent positive developments in their oncology portfolio, particularly with the drug Trodelvy. The successful results from the ASCENT-04 trial, presented at the ASCO meeting, highlighted the efficacy of Trodelvy in combination with pembrolizumab for treating frontline PD-L1+ triple-negative breast cancer. This combination is expected to become a new standard of care, potentially adding significant revenue to Gilead’s portfolio.
Furthermore, the market has not fully appreciated the potential of Trodelvy, and there is an opportunity for Gilead’s stock to rise as more data becomes available, particularly from the upcoming ASCENT-03 trial. The anticipated inclusion in NCCN guidelines and potential FDA approval further strengthen the case for a Buy rating, as these developments could drive increased adoption of Trodelvy in clinical practice.

Graybosch covers the Healthcare sector, focusing on stocks such as BioNTech SE, Gilead Sciences, and Merck & Company. According to TipRanks, Graybosch has an average return of -14.3% and a 35.15% success rate on recommended stocks.

In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $130.00 price target.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue