Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / EXEL - Exelixis initiated at outperform at JMP Securities on cash flow Cabometyx franchise

EXEL - Exelixis initiated at outperform at JMP Securities on cash flow Cabometyx franchise

Exelixis Inc.

  • JMP Securities has started Exelixis ( NASDAQ: EXEL ) with an outperform rating saying that company is cash flow-positive and Cabometyx (cabozantinib) is a strong franchise poised for growth.
  • The firm has a $26 price target (~59% upside based on Monday's close).
  • Analyst Silvan Tuerkcan said that based on its 2023 estimated free cash flow, Exelixis ( EXEL ) shares are relatively inexpensive compared to its peers.
  • He added that the growth of the Cabometyx franchise could lead it to $2.2B in peak sales.
  • He noted that many ignore Exelixis' pipeline, even though it represents an opportunity.
  • Check out why Seeking Alpha contributor Jonathan Faison has a buy rating on Exelixis ( EXEL ).

For further details see:

Exelixis initiated at outperform at JMP Securities on cash flow, Cabometyx franchise
Stock Information
Company Name: Exelixis Inc.
Stock Symbol: EXEL
Market: NASDAQ
Website: exelixis.com
Menu
EXEL EXEL Quote EXEL Short EXEL News EXEL Articles EXEL Message Board
Get EXEL Alerts

News, Short Squeeze, Breakout and More Instantly...