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What Does Wall Street Think About Bristol-Myers Squibb (BMY)?
Yahoo Financeยท 2025-09-16 18:58
Core Viewpoint - Bristol-Myers Squibb Company (NYSE:BMY) is currently viewed as a stable investment option, particularly for income-focused investors due to its dividend stock status, despite some concerns regarding product performance and market expectations [2]. Group 1: Analyst Ratings and Price Targets - BMO Capital analyst Evan Seigerman maintained a Hold rating on Bristol-Myers Squibb with a price target of $47.00 [1]. - William Blair analyst Matt Phipps also maintained a neutral stance, giving the stock a Hold rating [2]. Group 2: Product Performance - The performance of Cobenfy, Bristol-Myers Squibb's new product, has shown stable growth with a modest percentage increase in weekly prescription rates [2]. - Revenue estimates for Cobenfy in Q3 are slightly below consensus estimates, which supports the Hold rating [2]. Group 3: Market Concerns - There are ongoing concerns regarding the effectiveness of the VEGF mechanism in providing a meaningful survival benefit for NSCLC patients in a global context [2]. - Despite advancements and promising datasets presented at the 2025 IASLC World Conference on Lung Cancer, investor expectations for growth in H2 2025 have not been met [2].