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SA writer David Zanoni recommends having a look at Celgene (CELG -1.5%), citing its 5...

SA writer David Zanoni recommends having a look at Celgene (CELG -1.5%), citing its 5 FDA-approved cancer drugs and its extensive pipeline. What Zanoni really likes, though, is Celgene's earnings growth, which is forecast at an average of 25% over the next five years. If that is achieved, "Celgene's stock price of (about) $65 should grow to around $200."
Comments (2)
  • yeah right. celg has been around its current price for more than five years. dream on.
    11 Jun 2012, 04:23 PM Reply Like
  • I have to look over what CELG has in the pipeline. 300% seems unlikely, CELG's current market cap is 27B, so 3x would be nearly 80% of the largest Pharma companies (MRK, PFE, etc.).

     

    I can't see how that can happen without CELG tripling revenues, which probably means at least doubling their drugs. They have five, five more soon is unlikely.

     

    I think CELG is a good buy, just don't expect a 300% return.
    14 Jun 2012, 01:17 AM Reply Like
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