Teva PharmaceuticalTEVACOMMENTJan 04, 2017Stock 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 has gone down because of fears of its patent protection on one of its very big products Copaxon, and he thinks the stock is really undervalued at this time, simply because it trades in about 120 countries globally with generic product. No matter what happens with the American Affordable Care Act, generic pharmaceuticals are the wave of the future, and this company is likely to go back up and claim the highs of a couple of years ago.