Barclays maintains an “Overweight” rating for Jazz Pharmaceuticals (NASDAQ:JAZZ), increasing the price target from $190 to $200.
Jazz Pharmaceuticals reports record total revenues of $4.1 billion in 2024, driven by key products like Xywav® and Epidiolex®.
The company receives approval for Ziihera® for 2L HER2+ (IHC3+) BTC, marking a significant milestone and contributing to its diversified portfolio.
Jazz Pharmaceuticals (NASDAQ:JAZZ) is a biopharmaceutical company known for its focus on sleep, epilepsy, and oncology treatments. Barclays recently maintained an “Overweight” rating for JAZZ, with a “hold” action, and increased the price target from $190 to $200, as reported by TheFly. At the time, the stock was priced at $144.17, reflecting a 3.22% rise.
In 2024, Jazz Pharmaceuticals achieved record total revenues of $4.1 billion, with $1.1 billion generated in the fourth quarter alone. This growth is driven by key products like Xywav® and Epidiolex®, which saw revenue increases of 16% and 15% year-over-year, respectively. The oncology segment also contributed significantly, with a 9% revenue increase, surpassing $1.1 billion.
A notable achievement for Jazz was the approval of Ziihera® for 2L HER2+ (IHC3+) BTC, with its first sales in December 2024. This approval marks a significant milestone for the company, further strengthening its diversified portfolio. The company’s focus on innovation and expansion in its core areas continues to drive its financial success.
Looking ahead, Jazz Pharmaceuticals has provided guidance for 2025, expecting continued growth in both top- and bottom-line figures. Bruce Cozadd, the chairman and CEO, expressed satisfaction with the company’s performance, emphasizing the strength of their diversified portfolio. Each segment, including sleep, epilepsy, and oncology, generates over $1 billion annually, showcasing the company’s robust market presence.
Currently, JAZZ stock is trading at $144.17, with a market capitalization of approximately $8.72 billion. The stock has experienced fluctuations, with a low of $134.89 and a high of $148.14 today. Over the past year, it reached a high of $148.06 and a low of $99.06, indicating a strong recovery and investor confidence in the company’s future prospects.
