Teva PharmaceuticalTEVAWAITNov 09, 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)
This has been in the news, and is getting a great pop today. Most of the news for the pharmaceutical industry as a whole, has been tied to political expectations in the US, as to whether we might see price controls or long-term opportunities. With this company, it is really about the generic section, and that has been nothing short of skewered in many ways, in the media and the market recently. On all these companies, we need to wait and see how the administration views the sector, what they are talking about going forward, what changes might go to Obamacare. She is not ready to make a call either way.