Benchmark analyst Robert Wasserman has commenced coverage of Xoma Corporation (XOMA, Financial), assigning a Buy rating and setting a price target of $35. The analyst highlights Xoma's strategic expansion of its royalty aggregate business, achieved through both acquisitions and organic growth in recent years.
Wasserman is optimistic about the company's future, anticipating that Xoma's robust R&D pipeline, coupled with its newly acquired commercial assets, will sustain double-digit revenue growth in the forthcoming years. This growth is expected to bolster Xoma's financial performance and contribute to its long-term success.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for XOMA Royalty Corp (XOMA, Financial) is $79.50 with a high estimate of $104.00 and a low estimate of $55.00. The average target implies an upside of 287.24% from the current price of $20.53. More detailed estimate data can be found on the XOMA Royalty Corp (XOMA) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, XOMA Royalty Corp's (XOMA, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for XOMA Royalty Corp (XOMA, Financial) in one year is $22.72, suggesting a upside of 10.67% from the current price of $20.53. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the XOMA Royalty Corp (XOMA) Summary page.
