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Legend Biotech Corporation (LEGN)
NASDAQ:LEGN
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Legend Biotech (LEGN) Price & Analysis

733 Followers

LEGN Stock Chart & Stats

$22.22
-$3.26(-14.67%)
At close: 4:00 PM EDT
$22.22
-$3.26(-14.67%)

Bulls Say, Bears Say

Bulls Say
Commercial Revenue ScaleSustained, large-scale CARVYKTI sales demonstrate durable commercial traction and market adoption in multiple myeloma. High and growing product sales underpin recurring collaboration revenue, support margin recovery as fixed manufacturing costs dilute, and materially de-risk path to company-level profitability over 2–6 months.
Manufacturing & Delivery CapabilityConsistently high manufacturing yield and rapid turnaround are durable operational advantages for an autologous CAR‑T company. Reliable supply reduces treatment delays, supports expansion into community centers, lowers unit cost over time, and preserves physician confidence—key for sustainable commercial scale and margin stability.
Next‑Gen In Vivo Clinical ProofStrong early in vivo CAR‑T results suggest a potential structural shift: an IV, off‑the‑shelf approach could bypass complex ex‑vivo manufacturing and broaden addressable patients. If validated, this would materially expand commercial reach, reduce per‑patient manufacturing constraints, and create a long‑term competitive edge vs. traditional CAR‑T models.
Bears Say
Negative Cash FlowPersistent negative operating and free cash flow is a structural funding pressure that may necessitate recurring capital raises or reliance on collaborators. Even with improving trends, ongoing cash burn constrains strategic flexibility, increases dilution risk, and can limit investment pace in manufacturing or late‑stage development over the medium term.
Ongoing GAAP Losses / Negative ROEA sustained negative ROE and GAAP losses indicate shareholder capital is not yet generating returns. While adjusted metrics show improvement, persistent net losses mean profitability remains unproven on an accounting basis, risking balance sheet pressure and investor scrutiny if margin recovery or cost discipline stalls.
Leadership Transition RiskA CEO departure and interim appointment introduce execution and governance uncertainty during a critical commercial and pipeline expansion phase. Even with an internal interim leader, transitions can disrupt strategic initiatives, slow decision cycles, and create short‑to‑medium term execution risk for product launches, partnerships, and trial timelines.

Legend Biotech News

LEGN FAQ

What was Legend Biotech Corporation’s price range in the past 12 months?
Legend Biotech Corporation lowest stock price was $16.24 and its highest was $38.35 in the past 12 months.
    What is Legend Biotech Corporation’s market cap?
    Legend Biotech Corporation’s market cap is $3.45B.
      When is Legend Biotech Corporation’s upcoming earnings report date?
      Legend Biotech Corporation’s upcoming earnings report date is Aug 11, 2026 which is in 3 days.
        How were Legend Biotech Corporation’s earnings last quarter?
        Legend Biotech Corporation released its earnings results on May 12, 2026. The company reported -$0.15 earnings per share for the quarter, missing the consensus estimate of $0.012 by -$0.162.
          Is Legend Biotech Corporation overvalued?
          According to Wall Street analysts Legend Biotech Corporation’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Legend Biotech Corporation pay dividends?
            Legend Biotech Corporation does not currently pay dividends.
            What is Legend Biotech Corporation’s EPS estimate?
            Legend Biotech Corporation’s EPS estimate is 0.06.
              How many shares outstanding does Legend Biotech Corporation have?
              Legend Biotech Corporation has 193,439,790 shares outstanding.
                What happened to Legend Biotech Corporation’s price movement after its last earnings report?
                Legend Biotech Corporation reported an EPS of -$0.15 in its last earnings report, missing expectations of $0.012. Following the earnings report the stock price went up 10.477%.
                  Which hedge fund is a major shareholder of Legend Biotech Corporation?
                  Currently, no hedge funds are holding shares in LEGN
                  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

                    Legend Biotech Corporation

                    Legend Biotech Corporation, through its subsidiaries, operates as a biopharmaceutical company that discovers, develops, manufactures, and commercializes novel cell therapies for oncology and other indications in the United States, China, and Europe. Its lead product candidate is ciltacabtagene autoleucel, or cilta-cel, which is a chimeric antigen receptor (CAR-T) therapy for the treatment of multiple myeloma (MM). The company also has a portfolio of earlier-stage autologous CAR-T product candidates targeting various cancers, including acute lymphoblastic leukemia, gastric cancer, esophageal cancer, pancreatic cancer, colorectal cancer, small cell lung cancer, and non-small cell lung cancer. In addition, it develops allogeneic gamma delta CAR-T and allogeneic CAR-NK product candidates targeting B-cell maturation antigen (BCMA) for MM, which are in investigator-initiated Phase 1 clinical trials in China. The company has a collaboration and license agreement with Janssen Biotech, Inc. for the development and commercialization of cilta-cel, as well as a license agreement with Novartis Pharma AG for the development, manufacture, and commercialization of CAR-T cell therapies targeting delta-like ligand protein 3. Legend Biotech Corporation was founded in 2014 and is headquartered in Somerset, New Jersey.

                    Legend Biotech (LEGN) Earnings & Revenues

                    LEGN Company Deck

                    LEGN Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call conveyed strong commercial momentum and operational performance—notably robust CARVYKTI sales growth (52% YoY), improved manufacturing metrics (99% success, 29-day turnaround), deeper earlier-line penetration (41% vs 29% YoY), a solid cash position (~$835M), and a clear path to adjusted profitability in 2026. These positives are tempered by a near-term gross margin hit (41% vs 57% prior quarter) from one-time manufacturing ramp costs, an adjusted net loss still present in Q1, event-driven uncertainty around pivotal readouts (CARTITUDE-5/6), and early-stage clinical risk for the In Vivo programs where safety/efficacy data are not yet disclosed. On balance, the highlights (strong growth, manufacturing execution, expanding pipeline, balance sheet strength, path to profitability) outweigh the lowlights, supporting a constructive view of the company's near- to mid-term outlook.View all LEGN earnings summaries

                    LEGN Stock 12 Month Forecast

                    Average Price Target

                    $52.35
                    ▲(135.60% Upside)
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                    Ownership Overview

                    0.15%13.26%2.87%80.59%
                    2.87% Other Institutional Investors
                    80.59% Public Companies and
                    Individual Investors
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