Sanofi, the Healthcare sector company, was revisited by a Wall Street analyst today. Analyst Sachin Jain from Bank of America Securities maintained a Buy rating on the stock and has a €102.00 price target.
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Sachin Jain’s rating is based on a combination of factors, primarily focusing on Sanofi’s valuation and future growth prospects. Despite recent setbacks in their drug pipeline, including the failure of tolebrutinib in PPMS and delays in SPMS, Jain maintains a Buy rating due to the company’s attractive valuation. Sanofi is trading at a lower price-to-earnings ratio compared to the sector average, which presents a potential opportunity for investors.
Furthermore, Jain highlights the potential for future catalysts, such as the upcoming data on amlitelimab, which could positively impact Sanofi’s stock. Although the immediate catalyst path is light, the long-term growth potential and the company’s ability to execute commercially are seen as key factors supporting the Buy recommendation. Jain acknowledges the risks associated with the approval of tolebrutinib in SPMS but believes these are manageable and do not significantly impact the overall investment thesis.
According to TipRanks, Jain is a 3-star analyst with an average return of 3.0% and a 56.08% success rate. Jain covers the Healthcare sector, focusing on stocks such as Novartis AG, Sanofi, and GlaxoSmithKline.
In another report released today, Jefferies also maintained a Buy rating on the stock with a €100.00 price target.