Teva PharmaceuticalTEVABUYDec 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)
It has been caught up in the health care sector decline. Now they are less worried about regulation. But they don’t have a lot of branded drugs that are high priced. He owns some of the TEVA-N debt. He thinks it is a pretty good entry point here even if the chart does not look that good.