Why Regeneron (REGN) Shares Are Rising Today

Recent Developments for Regeneron

Regeneron (NASDAQ:REGN) saw its stock price climb by 2.9% during morning trading after Bank of America Securities upgraded its rating from 'Underperform' to 'Buy' and made a substantial increase to its price target, moving it from $627.00 up to $860.00. Analyst Tim Anderson’s revised outlook reflects heightened optimism about Regeneron’s future performance. In addition, Citi boosted its own price target for the company from $700 to $900, maintaining a 'Buy' recommendation. These favorable analyst updates helped the stock achieve a new 52-week high, highlighting strong upward momentum.

Following the initial surge, Regeneron shares settled at $798.51, representing a 2.8% gain compared to the previous closing price.

Market Reaction and Stock Performance

Regeneron’s stock has shown notable volatility, experiencing 11 price swings greater than 5% over the past year. Today’s increase suggests investors view the latest analyst upgrades as important, though not transformative for the company’s overall outlook.

One of the most significant declines in the past year occurred seven months ago, when Regeneron’s shares dropped 19% after the company reported mixed results from Phase 3 trials of itepekimab, a potential treatment for Chronic Obstructive Pulmonary Disease (COPD). While one study achieved its main goal, the other did not, raising doubts about the drug’s prospects and delaying its possible launch. This uncertainty contributed to the sharp selloff at the time.

Since the start of the year, Regeneron’s stock has risen 2.9% and recently reached a new 52-week high at $798.51 per share. Investors who purchased $1,000 worth of Regeneron stock five years ago would now see their investment grow to $1,659.

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