Teva PharmaceuticalTEVAHOLDSep 13, 2013Stock price when the opinion was issued
As of Jun 25, 2026. Market Open.
The demand of GLP remains strong, but as more generics enter the market, the prices of the GLPs will go down. If you bet on Teva, you expects GLP demand to remain strong. GLP will come in pill shape, and there will be more amazing drug discoveries. However, Teva isn't a very innovative company. He avoids pharma; it's too hard to determine who will be a winner.
HQ is in Israel. Large-cap pharma. Right now, #1-ranked in his ADR/CDR universe (international stocks with American/Canadian Depositary Receipts). We've seen rotation into drug stocks. Broke out over $21 in September and has kept right on going. Very strong accumulation for about 6 months now. No dividend.
(Analysts’ price target is $34.50)
As the major generic drug producer, it is going to do very well. The difficulty is that sometimes a generic introduction is delayed or the deal they get is not quite as good. If you believe that the longer-term outlook for pharmaceuticals is attractive, he would give it another year or so. It should start to display some signs of life.