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Jefferies keeps 'buy' on AstraZeneca, sees 46% upside ahead of Q3 results with strong revenue and earnings forecast.

Analyst Insights
07 Oct 2026
Proactive Investors
View Source
Bullish
Jefferies keeps 'buy' on AstraZeneca, sees 46% upside ahead of Q3 results with strong revenue and earnings forecast.

Jefferies has maintained a 'buy' rating on AstraZeneca with a price target of 17,500p, implying a 46% upside from the current share price. The broker expects AstraZeneca's third-quarter revenue to exceed consensus by about 1%, and core earnings before interest and tax to be 3% above expectations, driven by higher alliance revenue, royalties, and lower operating costs. Despite some challenges like faster US Farxiga sales erosion and softer Lynparza volumes, Jefferies remains optimistic about AstraZeneca's lung cancer trial AVANZAR and potential catalysts from Summit Therapeutics' HARMONi-3 trial. The broker believes AstraZeneca's growth can continue beyond 2030, supported by its cancer drug portfolio and strategic investments, reiterating its buy rating with a price target valuing the stock at a premium to the European pharmaceutical sector.

AstraZeneca trades at USD 158.73 on Pluang as of Oct 07, 2026 18:11 WIB, showing a slight 0.08% increase today. The stock holds a market cap of $245.13 billion with a dividend yield of 2.02%. Pluang users currently show 100% buy interest in AstraZeneca, reflecting strong demand on the platform.

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