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NYSE:AZN
This summary was created by AI, based on 6 opinions in the last 12 months.
Experts express a generally positive outlook on Astrazeneca P L C (AZN-N), noting its recent performance and potential for future growth. The stock has rebounded significantly, being up 30% over the past year and around 6% this year, bolstered by a strong oncology business and a promising drug pipeline. Analysts highlight the stock's attractive valuation, trading at approximately 18 times forward PE with expected growth rates of 14-15%. Many consider it a defensive investment that offers growth potential, particularly amid a recent rotation in market preferences. Additionally, some experts suggest minor pullback levels worth monitoring, while the strength shown in its cancer drug portfolio contributes to a favorable sentiment overall.
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.
We reiterate AZN as a TOP PICK. Recently reported earnings indicated a 19% increase in earnings and revenues. Management announced positive development on 9 new drugs worth $5 billion in future revenues and a plan to invest over $800 million in Ontario creating 700 jobs. The shares trade at 18x earnings and support a 30% ROE. We recommend trailing up the stop (from $52) to $64, looking to achieve $88 -- upside potential of 21%. Yield 1.4%
(Analysts’ price target is $88.24)