Teva PharmaceuticalTEVACOMMENTNov 15, 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)
Healthcare has had a tough year. This stock is down again today. This company is part branded pharmaceuticals and part generic. Its largest branded pharmaceutical is losing its patent protection. They have filed a suit against their competition for bringing out a generic, and lost the 1st round, and it looks like they don’t have much time left with that drug. They will lose a large chunk of sales. At some point, this would be a good buy, and he is actually starting to buy some now because it is so cheap.