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Strong beat on EPS and revenue with multiple price-target raises implies potential near-term upside; however, the narrowed guidance could cap enthusiasm if not sustained, so the reaction may be limited to a multi-week window.
What happened, with direct paths to the underlying reporting
Biogen reported Q3 adjusted EPS of $2.62 on $2.804B in revenue, beating estimates. The company narrowed FY2026 adjusted EPS guidance to $15.95-$16.75, while analysts bumped price targets to $290. Despite a small pre-market dip, the beat and higher targets suggest potential upside for BIIB in the near term.
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