
NYSE:AZN
This summary was created by AI, based on 8 opinions in the last 12 months.
AstraZeneca PLC (AZN-N) has shown impressive performance, with a 30% increase in share price over the past year and significant growth observed in its oncology business. Experts highlight a very advanced pipeline that is anticipated to drive substantial revenue, keeping the company on track to reach its ambitious long-term goals. The stock has displayed a consistent upward trend since 2022, indicating strong fundamentals. With a well-regarded cancer drug franchise and a portfolio considered superior to competitors, AstraZeneca is positioned for healthy growth as it aims for $80 billion in revenue by 2030. Moreover, the company trades at approximately 15 times earnings, boasting a 2% dividend yield, and has room for recovery in its share performance.
Very strong R&D pipeline, with new products expected. Off recent share price highs, which is a good time to buy. Margins very strong on new products. Expecting earnings to rise in the immediate future. Low double digit EPS @ 16x earnings a very strong value proposition. Will continue to hold for the long term.
Is overlooked in pharma. It boasts an amazing oncology business, including recent positive trial data on phase 2 and 3 lung cancer drugs, which could be breakthroughs. Shares have doubled in the last 5 years and has been climbing since 2016. Last April they delivered a blowout quarter with an earnings beat and a bullish forecast including a 8.5% compound annual growth rate based on doubling multi-billion drugs to 25 by 2030. Also, they are developing obesity drugs.
The big pharma is developing a GLP-1 weight loss treatment that avoids injections -- a big game changer - and trials are looking good. The stock trades at 32x earnings and supports a 16% ROE. We recommend setting a stop-loss at $52, looking to achieve $88 -- upside potential of 30%. Yield 2.2%
(Analysts’ price target is $88.01)