Roivant Sciences Ltd. (NASDAQ:ROIV) stock surged 5.27% in after-hours trading on Wednesday, following analysts' significant upgrades to their revenue and earnings estimates for the company.
Analysts covering Roivant Sciences revised their consensus estimates, projecting $43 million in revenue for the company in 2026, a sharp increase from their previous forecast of $36 million. Additionally, they reduced their loss estimates for the next year, now expecting losses of $1.17 per share instead of the earlier projection of $1.19 per share.
The upgraded forecasts reflect analysts' optimism about Roivant Sciences' sales pipeline and potential trajectory towards profitability. Despite the revisions, analysts maintained their price target of $16.00 for the stock, implying their long-term valuation remains unchanged.
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