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Biogen Inc. (BIIB)
NASDAQ:BIIB
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Biogen (BIIB) Price & Analysis

5,038 Followers

BIIB Stock Chart & Stats

$177.35
-$1.36(-0.89%)
At close: 4:00 PM EST
$177.35
-$1.36(-0.89%)

Bulls Say, Bears Say

Bulls Say
Cash GenerationBiogen's free cash flow closely tracks reported earnings and grew strongly year‑over‑year, reflecting high earnings quality. Durable FCF supports ongoing R&D, commercial launches, debt paydown and M&A funding without relying on equity issuance, enhancing long‑term financial optionality.
Top-line Re-acceleration & Growth-product MomentumA material rebound in revenue driven by faster‑growing portfolio assets (LEQEMBI, SKYCLARYS and other growth products) signals renewed commercial traction. Sustained adoption and geographic expansion provide a more durable revenue base that can support scale, reinvestment and lower reliance on older MS franchises.
Portfolio Diversification Via AcquisitionAcquiring Apellis materially expands Biogen's commercial footprint into ophthalmology and nephrology, adding near‑term revenue and an established commercial infrastructure. This diversifies revenue streams, improves growth visibility and creates cross‑sell and launch synergies for new assets like felzartamab.
Bears Say
Near-term Leverage IncreaseThe $2.0B new term borrowings to fund Apellis raise net leverage and interest exposure until planned repayment. While management targets deleveraging, higher near‑term debt reduces capital flexibility for other initiatives and heightens refinancing and coverage risk if cash flow underperforms.
Pipeline Clinical Risk And SetbacksThe BIIB122 Phase 2b failure demonstrates persistent R&D binary risk in neurology. Discontinuation reduces future product optionality and increases reliance on existing and recently acquired assets. Repeated late‑stage failures can lengthen time to replace expiring revenues and pressure long‑term growth.
Moderate Returns & Obligation CoverageAlthough leverage is manageable, returns on equity are below prior peaks and operating cash covers a limited share of obligations. That combination implies constrained efficiency and a smaller cushion against shocks, which could limit the firm's ability to fund large programs without increasing leverage or diluting shareholders.

Biogen News

BIIB FAQ

What was Biogen Inc.’s price range in the past 12 months?
Biogen Inc. lowest stock price was $121.05 and its highest was $205.97 in the past 12 months.
    What is Biogen Inc.’s market cap?
    Biogen Inc.’s market cap is $29.02B.
      When is Biogen Inc.’s upcoming earnings report date?
      Biogen Inc.’s upcoming earnings report date is Jul 16, 2026 which is in 24 days.
        How were Biogen Inc.’s earnings last quarter?
        Biogen Inc. released its earnings results on Apr 29, 2026. The company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.054 by $0.516.
          Is Biogen Inc. overvalued?
          According to Wall Street analysts Biogen Inc.’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Biogen Inc. pay dividends?
            Biogen Inc. does not currently pay dividends.
            What is Biogen Inc.’s EPS estimate?
            Biogen Inc.’s EPS estimate is 3.2.
              How many shares outstanding does Biogen Inc. have?
              Biogen Inc. has 147,637,120 shares outstanding.
                What happened to Biogen Inc.’s price movement after its last earnings report?
                Biogen Inc. reported an EPS of $3.57 in its last earnings report, beating expectations of $3.054. Following the earnings report the stock price went up 5.998%.
                  Which hedge fund is a major shareholder of Biogen Inc.?
                  Currently, no hedge funds are holding shares in BIIB
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Biogen Inc.

                    Biogen Inc. is a leading biotechnology firm dedicated to the discovery, development, production, and distribution of treatments for complex neurological and neurodegenerative conditions. Its established portfolio includes a range of medications addressing multiple sclerosis (MS), such as TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA. For spinal muscular atrophy (SMA), Biogen provides SPINRAZA, while FUMADERM is available for the treatment of plaque psoriasis. Among its other key offerings is ADUHELM, specifically developed for Alzheimer's disease. The company also markets a selection of biosimilar drugs, including BENEPALI (an etanercept biosimilar akin to ENBREL), IMRALDI (an adalimumab biosimilar comparable to HUMIRA), and FLIXABI (an infliximab biosimilar referencing REMICADE). Further extending its therapeutic reach, Biogen supplies RITUXAN, prescribed for conditions like non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, certain types of ANCA-associated vasculitis, and pemphigus vulgaris. RITUXAN HYCELA targets non-Hodgkin's lymphoma and CLL, and GAZYVA is utilized for CLL and follicular lymphoma. OCREVUS addresses both relapsing and primary progressive forms of MS, complementing the company's broader efforts in anti-CD20 therapies. The company maintains a robust research and development pipeline, featuring numerous investigational therapies. These candidates are designed to tackle a wide spectrum of conditions, including multiple sclerosis and neuroimmunological disorders (e.g., BIIB135, BIIB061, BIIB091, BIIB107), Alzheimer's disease and other forms of dementia (e.g., Aducanumab, Lecanemab, BIIB076, BIIB080), neuromuscular disorders (e.g., BIIB067, BIIB078, BIIB105, BIIB100, BIIB110), Parkinson's disease and related movement disorders (e.g., BIIB124, BIIB094, BIIB118, BIIB101, BIIB122), neuropsychiatric conditions (e.g., BIIB125, BIIB104), immunology-related illnesses (e.g., Dapirolizumab pegol, BIIB059), acute neurological events (e.g., BIIB093, BIIB131), and neuropathic pain (e.g., BIIB074). Additionally, several biosimilar candidates, such as BYOOVIZ, BIIB800, and SB15, are progressing through various developmental stages. Biogen actively engages in strategic collaborations and licensing arrangements with various partners, including Acorda Therapeutics, Inc., Alkermes Pharma Ireland Limited, Denali Therapeutics Inc., Eisai Co., Ltd., Genentech, Inc., Neurimmune SubOne AG, Ionis Pharmaceuticals, Inc., Samsung Bioepis Co., Ltd., Sangamo Therapeutics, Inc., and Sage Therapeutics, Inc. Established in 1978, Biogen Inc. maintains its corporate headquarters in Cambridge, Massachusetts.

                    Biogen (BIIB) Earnings & Revenues

                    BIIB Company Deck

                    BIIB Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call highlighted multiple clear commercial and pipeline strengths — notably strong EPS growth, $851M in growth‑product revenue (up 12%), LEQEMBI growth (up 74% YoY) and a robust development cadence with key readouts and program milestones — alongside planned investments and a strategic acquisition (Apellis) expected to be accretive in 2027. Near‑term headwinds include timing/inventory lumpiness, material acquired IPR&D charges impacting near‑term EPS, increased R&D/SG&A investments and regulatory/clinical binary risks on pioneering programs. On balance, management portrayed confidence in execution, cash flow and future growth optionality.View all BIIB earnings summaries

                    BIIB Revenue Breakdown

                    71.98%71.98%18.81%1.80%7.41%
                    71.98% Product revenue
                    18.81% Revenue from anti-CD20 therapeutic programs
                    1.80% Alzheimer's collaboration revenue
                    7.41% Contract manufacturing, royalty and other revenue
                    tipranks

                    BIIB Stock 12 Month Forecast

                    Average Price Target

                    $225.38
                    ▲(27.08% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 29,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 43, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":130.07,"date":1751328000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 33,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 40, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":131.95,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n       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style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":188.05,"date":1772323200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 22,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 38, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":183.78,"date":1775001600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 31,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 40, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      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                    21.47% Other Institutional Investors
                    13.48% Public Companies and Individual Investors
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