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Legend Biotech misses Q1 estimates but sees mixed analyst price target changes.

Company Fundamentals
13 May 2026
Benzinga
View Source
Neutral
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Legend Biotech reported a Q1 loss of 3 cents per share, missing the expected 2 cents loss, and sales of $305.1 million, slightly below the $307 million forecast. Despite the miss, shares rose 1.3% to $28.63. Analysts reacted with mixed price target adjustments: RBC Capital raised its target to $64, Morgan Stanley lowered it to $48, and TD Cowen increased it to $29. CEO Ying Huang highlighted strong growth in their CARVYKTI product and improving margins, signaling progress toward profitability and pipeline expansion.

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