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INCY

Incyte Corporation

INCY

NASDAQ·Healthcare·Biotechnology·Mkt cap $22.7B

$116.86

+2.68%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$66.85 - $118.69

P/E

16.51

Fwd P/E

15.11

Beta

0.79

Div Yield

0.00%

Avg Vol

1.7M

Shares Out

199.8M

Mkt Cap

$22.7B

Price action

Price chart

Up 67.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Proprietary drug discovery platform
  • Diverse clinical-stage product pipeline
  • Strategic pharmaceutical collaborations
  • Focus on precision medicine technologies

Bear Case

1 risk

  • Low volatility (beta 0.8).

Growth

Stable outlook

Expanding oncology treatment portfolio

Value

Undervalued - trading well below Biotech & Therapeutics peers

Momentum

Strong

+18.6% over 3m

Quality

Excellent

Exceptional business - top-tier fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

Q2 26 RECAP

APR 28, 2026

Reported EPS of $1.81 vs $1.38 consensus (+31.2% surprise). Revenue of $1.3B vs $1.2B expected (+4.7%). Beat on both top and bottom lines.

EPS beat +31.2%
Rev beat +4.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+31.2%

Next: Apr 27, 2026

Revenue trend · last 8Q

+16%

+20%

+16%

+20%

+28%

+21%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$1.0B

$1.1B

$1.2B

$1.1B

$1.2B

$1.4B

$1.5B

$1.3B

Margins · last 8Q

Gross

91.8%

Operating

23.7%

Profit

23.8%

Wall Street consensus

14 analysts · 29% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

4

29%

Hold

10

71%

Sell

0%

Median Price Target

$94.50

-19.1% vs $116.86

Low $90.00
Median $94.50
High $99.00

Latest: UBS · Jun 26, 2026

2 analysts covering

vs Industry

How INCY stacks vs Biotechnology

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.