Analysts Differ in Opinion on Jakafi Drug Maker Incyte (INCY)

1 day ago 2

Miko Ilas

Tue, February 3, 2026 astatine 4:56 AM CST 2 min read

Incyte Corp (NASDAQ:INCY) is 1 of the most undervalued stocks to bargain and clasp for 5 years. On January 27, Bank of America Securities expert Tazeen Ahmad assigned a Buy standing to Incyte and acceptable a $118 terms target. This bullish ratings enactment stands successful opposition to Wells Fargo’s downgrade of Incyte Corp (NASDAQ:INCY) to Equal Weight from Overweight connected January 20. According to Wells Fargo, which besides lowered the stock’s terms people to $107 from $116, the downgrade reflects the company’s existent valuation and constricted near-term maturation drivers.

Analysts Differ successful Opinion connected Jakafi Drug Maker Incyte (INCY)

Earlier this month, 2 analysts offered contrasting views connected Incyte Corp (NASDAQ:INCY), peculiarly regarding its myelofibrosis medicine Jakafi. On January 6, TD Cowen expert Marc Frahm affirmed his Buy standing connected the stock, citing the company’s modulation beyond relying connected Jakafi. However, connected January 14, William Blair expert Matt Phipps gave a clasp standing connected Incyte Corp (NASDAQ:INCY), noting that portion the institution seeks maturation beyond Jakafi, it remains to beryllium seen whether its adjacent question of products tin offset the anticipated highest and diminution of Jakafi revenues toward the extremity of the 2020s.

Incyte Corp (NASDAQ:INCY) is simply a biopharmaceutical institution that discovers, develops, and commercializes proprietary therapeutics successful hematology and oncology, arsenic good arsenic successful inflammation and autoimmunity.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.