Maxim Group Raises Gilead Sciences Price Target to $200
Maxim Group has increased its price target for Gilead Sciences (GILD) from $165 to $200.
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Gilead Sciences reported positive results from its Phase 3 IDEAL study, showing that a majority of patients with Primary Biliary Cholangitis (PBC) treated with Livdelzi (seladelpar) achieved alkaline phosphatase (ALP) normalization.
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Maxim Group has increased its price target for Gilead Sciences (GILD) from $165 to $200.
Gilead Sciences increased its quarterly dividend by 3.8% to $0.82, marking the 11th consecutive year of dividend increases. The company's strong HIV franchise generated 18% higher sales year-over-year, while its oncology expansion shows promise with Trodelvy reporting 42% sales growth. With a low payout ratio of 29.8%, Gilead has ample room to sustain dividend growth and fund $32 billion in research projects through 2030.
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DZ Bank has increased its price target for Gilead Sciences, moving it from $167 to $191.
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