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BIIB
Benzinga
188 days

Biogen Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. Analysts expect BIIB to report earnings of $3.36 per share, up from $2.95. 2. Projected revenue for BIIB is $2.42 billion, slightly higher than last year. 3. Sage Therapeutics rejected BIIB's $7.22 per share proposal for strategic alternatives. 4. BIIB shares fell 2.2% to $139.39 ahead of earnings release. 5. Analysts recently downgraded BIIB's price targets, indicating cautious sentiment.

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FAQ

Why Bearish?

Recent downgrades in price targets indicate reduced investor confidence, which could impact BIIB's price negatively. Historical trends show that analyst downgrades often lead to immediate price drops.

How important is it?

Upcoming earnings report combined with analyst downgrades creates a significant impact potential. Earnings reports typically hold substantial sway over stock prices.

Why Short Term?

Immediate market reaction expected after quarterly earnings announcement can influence BIIB's short-term performance. Similar past results show volatility in stock price around earnings reports.

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