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Citi keeps AstraZeneca 'buy' ahead of Q2 results, eyeing late-stage drug trials as key catalyst

Analyst Insights
06 Jul 2026
Proactive Investors
View Source
Bullish
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Citi has maintained a 'buy' rating on AstraZeneca ahead of its Q2 earnings report due July 27, forecasting an 11% rise in earnings per share at constant exchange rates. The broker highlights upcoming phase three trial results for key drugs like Wainua, Datroway, and camizestrant in the second half of the year as major growth drivers. Citi sees a favorable risk-reward balance, with potential upside of around 40% if trial data is positive, and notes additional upside from pipeline drugs tozorakimab and efzimfotase alfa. Investors will focus on these trial readouts and the company's guidance during the results call.

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