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Regeneron Pharmaceuticals (NASDAQ:REGN) Raised to "Buy" at Wall Street Zen
Wall Street Zen has upgraded Regeneron Pharmaceuticals (NASDAQ:REGN) from a “hold” to a “buy” rating, reflecting a broader positive sentiment from analysts with an average target price of $793.81, indicating a “Moderate Buy” consensus. This upgrade follows Regeneron’s strong quarterly earnings, where they surpassed analyst expectations for both EPS and revenue, demonstrating a 2.5% year-over-year revenue increase. Despite recent insider selling, institutional ownership remains high, underscoring confidence in the biopharmaceutical company’s performance.