In a report released today, Tara Bancroft from TD Cowen maintained a Buy rating on Lantheus, with a price target of $70.00.
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Tara Bancroft has given her Buy rating due to a combination of factors influencing Lantheus’s performance. The company’s Q3 revenue from Pylarify exceeded expectations, driven by account stabilization and a shift back from less effective alternatives, which indicates strong customer loyalty and product differentiation. Despite some pricing pressures anticipated in Q4, the upcoming Pylarify 2.0 is expected to alleviate these concerns and support market share recovery.
Bancroft also noted that Lantheus’s overall Q3 revenue slightly surpassed estimates, reflecting resilience in their business model. The company’s ability to maintain customer trust and manage competitive pressures, along with a tightened 2025 guidance range, suggests a positive outlook. These factors contribute to the confidence in the stock’s potential, justifying the Buy rating with a price target adjustment to $70.
In another report released on October 30, B. Riley Securities also reiterated a Buy rating on the stock with a $84.00 price target.