Teva PharmaceuticalTEVACOMMENTApr 12, 2016Stock 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)
Pharmaceutical seasonality is normally around mid-April through until mid-September. However, the ASCO conference happens in the 1st week of June every year. That is when the news on the latest cancer drugs come out. This stock is not involved in cancer drugs, and he doesn’t know the seasonality of it. Technically, the chart is showing lower highs and lower lows. You would probably be better to go into another pharmaceutical stock.