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home / news releases / ALKS - Alkermes Plc: Collecting The Fruits Of The 2023 Spinoff

ALKS - Alkermes Plc: Collecting The Fruits Of The 2023 Spinoff

Alkermes plc

2024-04-09 09:49:40 ET

Summary

  • Alkermes' spinoff transaction with Mural Oncology resulted in cost cutting and higher EBITDA margins, with strong 2023 profitability gains expected to continue into 2024.
  • The stock is currently undervalued compared to peers, but capital allocation initiatives such as dividends and buybacks could help close the valuation gap.
  • Risks include potential delays or lower-than-expected shareholder remuneration and competition from generics, but overall, the target price for Alkermes is $34 with a 30% upside potential.

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For further details see:

Alkermes Plc: Collecting The Fruits Of The 2023 Spinoff
Stock Information
Company Name: Alkermes plc
Stock Symbol: ALKS
Market: NASDAQ
Website: alkermes.com
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