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Asset logo for symbol BIIB
Biogen
BIIB60
$198.21arrow_drop_down0.68%-$1.37
S&P500
Asset logo for symbol BIIB
BIIB60

$198.21

arrow_drop_down0.68%

AI Deep-Learning Forecast (BIIB)

Analyst Forecast

Period: Next 12 Months

Analyst Ratings

Biogen (BIIB) Stocklytics Forecast

According to recent market analysis, the stock price of Biogen Inc (BIIB) is predicted to experience a considerable increase in the coming years. Based on historical data and market trends, experts forecast a positive trajectory for BIIB stock. This prediction is supported by the company's strong financial performance, innovative product pipeline, and strategic partnerships.
In particular, many analysts predict that Biogen Inc will see significant growth in the year 2023. With several promising drugs in development and potential breakthroughs in the treatment of neurological diseases, BIIB is expected to capture a larger market share and generate substantial revenues. Moreover, the company's focus on leveraging artificial intelligence and machine learning techniques for drug discovery and development further enhances its growth prospects. Analysts believe that this technology-driven approach will revolutionize the pharmaceutical industry and position Biogen Inc as a leader in innovation.
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Frequently Asked Questions

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What is the analyst price prediction for Biogen (BIIB) stock?

Analysts have set a target price of $284.43 for Biogen (BIIB), based on forecasts from 30 analysts. The predicted price range extends from a high of $364 to a low of $200. This represents a potential increase of up to 83.64% and a decrease of 0.9% from the current price of $198.21. These forecasts are as of 2024 Feb 14.
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What are the analyst ratings for Biogen (BIIB) stock?

The analyst ratings for Biogen (BIIB) are distributed as follows: 21 analysts recommend buying, 11 have a neutral stance, and 0 suggest selling. The prevailing sentiment among the total of 32 analysts leans towards a buy rating. These ratings indicate the general sentiment among the analysts covering Biogen .
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What is the AI price prediction for Biogen (BIIB) stock?

The AI price prediction model, leveraging machine-learning techniques, forecasts that Biogen (BIIB) stock could reach $206.41 by 2024 Sep 30. This prediction indicates a potential price change of 4.14%. The forecast has a lifetime of 30 days, culminating on the target date provided. The prediction was made on 2024 Sep 09.

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