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Stock impact report

Ligand Pharmaceuticals offers high-margin exposure to biopharma growth, BofA says [Yahoo! Finance]

Ligand Pharmaceuticals Incorporated (LGND) 
Last ligand pharmaceuticals incorporated earnings: 2/6 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ligand.com
Company Research Source: Yahoo! Finance
Bank of America has initiated coverage of Ligand Pharmaceuticals Inc (NASDAQ:LGND) with a Buy rating and a $244 price target, citing the company's royalty-focused business model and diversified portfolio as key drivers of continued earnings growth. Ligand provides capital and technology to drug and medical device developers in exchange for royalties, creating a portfolio of more than 100 commercial and development-stage assets that generate high-margin returns. In its initiation report, Bank of America analysts wrote that the company's model allows it to generate “diversified, high margin returns” while offering investors exposure to the biopharma sector with lower risk. “We believe Ligand can continue to deliver EPS growth, offering investors a way to capture biopharma's upside with less risk,” they wrote. Ligand has posted strong share and earnings growth since transitioning to its current strategy in 2022, supported by a lean cost structure and growing demand across the in Show less Read more
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