Teva PharmaceuticalTEVAHOLDJun 07, 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)
The stock price is going down, not just because of the recent takeover, but because generic brands are under pressure on pricing, and there are not a lot of new generic products coming out. This company is fine. As a generic, they will always, over time, continue to put out products. He is not a big fan of pharmaceuticals that are in a consolidation phase right now. He would stay away from this, but if you own it continue to hold.