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Alkermes upgraded to Buy on strong growth, new drug launches, and promising pipeline in CNS disorders.

Analyst Insights
11 Sep 2026
Seeking Alpha
View Source
Bullish
Alkermes upgraded to Buy on strong growth, new drug launches, and promising pipeline in CNS disorders.

Alkermes plc has been upgraded from Hold to Buy due to its robust revenue growth driven by the acquisition of Avadel and the launch of Lumryz, which are expected to propel over 20% revenue growth by 2026. The company projects adjusted EBITDA between $370–410 million despite a GAAP net loss. Strong Phase 2 data for Alixorexton in narcolepsy and idiopathic hypersomnia, along with advances in its orexin pipeline, support significant long-term revenue potential. Management changes and steady growth in core products further strengthen Alkermes' strategic position in sleep and central nervous system disorders, indicating a positive outlook.

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