Morgan Stanley Reassesses Gilead Sciences (GILD) Outlook Following Quarterly Report
Quick Take
Morgan Stanley updates Gilead Sciences' outlook after analyzing its latest quarterly report.
Key Points
- Gilead's quarterly performance shows mixed results.
- Analysts adjust earnings forecasts based on new data.
- Market reactions reflect investor sentiment post-report.
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~2 min readVardah Gill
2 min read
Gilead Sciences, Inc. (NASDAQ:GILD) is included among the 10 Best Long Term Low Risk Stocks to Buy According to Hedge Funds.
On May 10, Morgan Stanley lowered its price recommendation on Gilead Sciences, Inc. (NASDAQ:GILD) to $168 from $175. It reiterated an Overweight rating on the shares. The firm updated its model for the company following the first-quarter earnings report.
On May 8, Truist lifted its price goal on GILD to $157 from $155. It kept a Buy rating on the stock. The analyst said the company delivered first-quarter revenue and earnings results above expectations and also raised its FY26 revenue guidance. According to the research note, the performance was driven by strength in the HIV business, especially Yeztugo. The firm also highlighted management’s comments around early persistence signals. It noted that Yeztugo showed the highest persistence among patients receiving re-treatment in the PrEP setting. Truist described those trends as encouraging and said they remain central to its view that Yeztugo can achieve durable growth toward a potential $7B-plus peak revenue opportunity.
Gilead Sciences, Inc. (NASDAQ:GILD) is a biopharmaceutical company focused on developing medicines to prevent and treat life-threatening diseases. Its areas of focus include HIV, viral hepatitis, COVID-19, cancer, and inflammation.
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— Originally published at finance.yahoo.com
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