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INCY logo INCY
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INCY logo

Incyte Corporation (INCY)

Upturn stock ratingUpturn stock rating
$68.1
Last Close (24-hour delay)
Profit since last BUY5.13%
upturn advisory
Consider higher Upturn Star rating
BUY since 27 days
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Upturn Advisory Summary

06/30/2025: INCY (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

27 Analysts rated it

Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.

1 Year Target Price $75.15

1 Year Target Price $75.15

Analysts Price Target For last 52 week
$75.15Target price
Low$53.56
Current$68.1
high$83.95

Analysis of Past Performance

Type Stock
Historic Profit -1.46%
Avg. Invested days 31
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 13.23B USD
Price to earnings Ratio 341.85
1Y Target Price 75.15
Price to earnings Ratio 341.85
1Y Target Price 75.15
Volume (30-day avg) 27
Beta 0.68
52 Weeks Range 53.56 - 83.95
Updated Date 06/30/2025
52 Weeks Range 53.56 - 83.95
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.2

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 0.48%
Operating Margin (TTM) 20.65%

Management Effectiveness

Return on Assets (TTM) 2.04%
Return on Equity (TTM) 0.47%

Valuation

Trailing PE 341.85
Forward PE 11.75
Enterprise Value 10872708786
Price to Sales(TTM) 3
Enterprise Value 10872708786
Price to Sales(TTM) 3
Enterprise Value to Revenue 2.46
Enterprise Value to EBITDA 26.73
Shares Outstanding 193570000
Shares Floating 161065671
Shares Outstanding 193570000
Shares Floating 161065671
Percent Insiders 2.22
Percent Institutions 100.64

Analyst Ratings

Rating 5
Target Price 75.15
Buy 3
Strong Buy 8
Buy 3
Strong Buy 8
Hold 15
Sell 1
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Incyte Corporation

stock logo

Company Overview

overview logo History and Background

Incyte Corporation, founded in 2002, is a global biopharmaceutical company focused on the discovery, development, and commercialization of novel medicines to meet unmet medical needs, primarily in oncology and hematology. It evolved from a genomics company to a drug development firm.

business area logo Core Business Areas

  • Oncology: Incyte focuses on developing and commercializing treatments for various cancers, including hematologic malignancies and solid tumors.
  • Inflammation and Autoimmunity: Incyte develops therapies for inflammatory and autoimmune diseases, like atopic dermatitis and vitiligo.

leadership logo Leadership and Structure

Herve Hoppenot is the CEO. The company has a typical corporate structure with a board of directors and various functional departments including R&D, commercial, and operations.

Top Products and Market Share

overview logo Key Offerings

  • Jakafi (ruxolitinib): Jakafi is a JAK1/JAK2 inhibitor approved for myelofibrosis, polycythemia vera, and steroid-refractory acute graft-versus-host disease. It generates significant revenue for Incyte. Competitors include generics and other therapies like momelotinib. Market share is substantial in its approved indications, varying by specific disease area. In Q1 2024, Jakafi net product revenue was $674 million.
  • Opzelura (ruxolitinib cream): Opzelura is a topical formulation of ruxolitinib approved for atopic dermatitis and vitiligo. It is growing in the dermatology space. Competitors include topical corticosteroids and other emerging therapies. Market share is increasing in the atopic dermatitis and vitiligo markets. Net product revenue in Q1 2024 was $98 million.
  • Pemazyre (pemigatinib): Pemazyre is a selective FGFR2 inhibitor approved for cholangiocarcinoma. Competitors include other chemotherapy regimens and emerging targeted therapies. Market share is niche, focused on FGFR2-fusion positive cholangiocarcinoma. Q1 2024 net product revenue was $24 million.

Market Dynamics

industry overview logo Industry Overview

The biopharmaceutical industry is characterized by high R&D costs, long development timelines, and stringent regulatory requirements. It is highly competitive with a mix of large pharmaceutical companies and smaller biotechnology firms.

Positioning

Incyte is positioned as a mid-sized biopharmaceutical company with a strong focus on hematology, oncology, and dermatology. It has a competitive advantage in JAK inhibition and targeted therapies.

Total Addressable Market (TAM)

The TAM for Incyte's target markets (oncology, hematology, dermatology) is very large, estimated in the hundreds of billions of dollars. Incyte is positioned to capture a significant share through its innovative therapies. Opzelura for dermatology has a sizable TAM due to large number of potential patients.

Upturn SWOT Analysis

Strengths

  • Approved and marketed products (Jakafi, Opzelura, Pemazyre)
  • Strong R&D pipeline
  • Expertise in JAK inhibition
  • Strategic partnerships
  • Experienced management team

Weaknesses

  • Reliance on Jakafi revenue
  • High R&D expenses
  • Competition from larger pharmaceutical companies
  • Regulatory risks
  • Potential for generic erosion of Jakafi

Opportunities

  • Expanding indications for existing products
  • Developing novel therapies for unmet needs
  • Strategic acquisitions and collaborations
  • Geographic expansion
  • Pipeline advancements

Threats

  • Generic competition for Jakafi
  • Clinical trial failures
  • Regulatory setbacks
  • Pricing pressures
  • Economic downturn

Competitors and Market Share

competitor logo Key Competitors

  • BMY
  • VRTX
  • GILD
  • MRK

Competitive Landscape

Incyte competes with larger pharmaceutical companies and specialized biotechnology firms. Its competitive advantage lies in its targeted therapies and expertise in specific disease areas.

Major Acquisitions

Villaris Therapeutics

  • Year: 2022
  • Acquisition Price (USD millions): 143
  • Strategic Rationale: This acquisition brought the anti-IL-15 antibody program, now known as Vidilitumab, into Incyte's pipeline for the treatment of vitiligo.

Growth Trajectory and Initiatives

Historical Growth: Incyte has experienced significant growth driven by the success of Jakafi and the launch of new products like Opzelura.

Future Projections: Analysts project continued revenue growth driven by existing products and pipeline advancements. Earnings are also expected to increase.

Recent Initiatives: Recent initiatives include expanding indications for Opzelura, advancing pipeline programs, and pursuing strategic collaborations.

Summary

Incyte is a biopharmaceutical company with a strong focus on oncology, hematology, and dermatology. Its revenue is largely driven by Jakafi, and Opzelura showing future potential. While its R&D pipeline is promising, dependence on one drug and potential generic erosion pose risks. Strategic collaborations and pipeline advancements are key to sustain growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Incyte Corporation SEC Filings
  • Company Investor Relations
  • Analyst Reports
  • Various financial websites

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Incyte Corporation

Exchange NASDAQ
Headquaters Wilmington, DE, United States
IPO Launch date 1993-11-04
Chairman, President & CEO Mr. Herve Hoppenot
Sector Healthcare
Industry Biotechnology
Full time employees 2617
Full time employees 2617

Incyte Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics in the United States, Europe, Canada, and Japan. The company offers JAKAFI (ruxolitinib) for the treatment of intermediate or high-risk myelofibrosis, polycythemia vera, and steroid-refractory acute graft-versus-host disease; MONJUVI (tafasitamab-cxix)/MINJUVI (tafasitamab) for treating relapsed or refractory diffuse large B-cell lymphoma; PEMAZYRE (pemigatinib), a selective fibroblast growth factor receptor kinase inhibitor for the treatment of unresectable biliary tract cancer, metastatic cholangiocarcinoma, and myeloid/lymphoid neoplasms; ICLUSIG (ponatinib), a kinase inhibitor to treat chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia; ZYNYZ (retifanlimab-dlwr) to treat adults with metastatic or recurrent locally advanced Merkel cell carcinoma; and NIKTIMVO (axatilimab-csfr) for treating chronic graft-versus-host disease, as well as OPZELURA (ruxolitinib) cream for treating atopic dermatitis. Its clinical stage products include INCB123667 (CDK2) for ovarian cancer; INCB161734 (KRASG12D) for cancers; INCA33890 (TGFßR2xPD-1) for solid tumors; Ruxolitinib cream for mild to moderate hidradenitis suppurativa (HS); Povorcitinib for HS, nonsegmental vitiligo, prurigo nodularis, and asthma and chronic spontaneous urticaria; INCB000262 (MRGPRX2) and INCB000547 (MRGPRX4) for systemic immune and neuro-immune disorders; INCA034460 (anti-CD122) for vitiligo; and Zilurgisertib (ALK2) for fibrodysplasia ossificans progressive. It has collaboration with Genesis Therapeutics, Inc. The company sells its products to specialty and retail pharmacies, hospital pharmacies, and specialty distributors and wholesalers. The company was formerly known as Incyte Genomics Inc and changed its name to Incyte Corporation in March 2003. Incyte Corporation was incorporated in 1991 and is headquartered in Wilmington, Delaware.