On July 15, 2025, Alkermes (ALKS, Financial) received a significant boost as Goldman Sachs initiated coverage on the stock. The renowned financial services firm set a positive tone by assigning a 'Buy' rating.
Andrea Newkirk, an analyst at Goldman Sachs, announced a price target of $43.00 USD for Alkermes (ALKS, Financial). This marks the first coverage for the stock by the firm, providing a fresh outlook for investors.
The announcement from Goldman Sachs provides a new perspective for Alkermes (ALKS, Financial), positioning the stock favorably in the eyes of potential investors.
This latest development is likely to generate interest among market participants, as the 'Buy' rating from a reputable firm like Goldman Sachs often reflects confidence in the company's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Alkermes PLC (ALKS, Financial) is $41.36 with a high estimate of $52.00 and a low estimate of $30.00. The average target implies an upside of 39.30% from the current price of $29.69. More detailed estimate data can be found on the Alkermes PLC (ALKS) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Alkermes PLC's (ALKS, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alkermes PLC (ALKS, Financial) in one year is $27.17, suggesting a downside of 8.49% from the current price of $29.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alkermes PLC (ALKS) Summary page.
