Incyte price target raised to $124 from $121 at BofA

BofA raised the firm’s price target on Incyte (INCY) to $124 from $121 and keeps a Buy rating on the shares. The Q1 report showed typical seasonality, but FY26 guidance was reaffirmed and the firm is “encouraged” by continued growth of the core business and significant progress across the pipeline, the analyst tells investors.