Analyst Ratings February 2, 2026

Cantor Fitzgerald Lifts Regeneron Target to $800, Citing Stronger Portfolio Outlook

Analyst cites gains from obesity programs, Dupixent lifecycle and Factor XI work; data readouts could still move shares on sentiment

By Caleb Monroe REGN
Cantor Fitzgerald Lifts Regeneron Target to $800, Citing Stronger Portfolio Outlook
REGN

Cantor Fitzgerald raised its price target on Regeneron Pharmaceuticals to $800 from $740 and kept an Overweight rating after updating near-term commercial portfolio estimates and applying modest values to several development programs. The firm highlighted obesity efforts, Dupixent lifecycle management and Factor XI research as drivers of higher valuation, while cautioning that upcoming fianlimab data could produce limited fundamental upside but larger market-driven swings.

Key Points

  • Cantor Fitzgerald raised its price target on Regeneron to $800 from $740 and kept an Overweight rating, citing improved near-term commercial portfolio estimates and modest value for development programs.
  • Analysts highlighted Regeneron’s obesity program, Dupixent lifecycle management, Factor XI development, and upcoming EYLEA HD clinical data as central to updated valuations and outlooks.
  • Several other research firms also adjusted targets after Regeneron’s quarter: Baird to $742 (Neutral), Bernstein to $925 (Outperform), and Wells Fargo to $800, with Bernstein earlier noted at $916 and EYLEA HD showing 10% sequential demand growth in Q4 2025.

Cantor Fitzgerald has lifted its price target for Regeneron Pharmaceuticals to $800.00 from $740.00 and reiterated an Overweight rating on the stock, reflecting refreshed assumptions about the company’s near-term commercial portfolio and modest assigned value across multiple investigational programs.

In a research note, Cantor Fitzgerald analyst Carter Gould pointed to several elements of Regeneron’s pipeline and commercial strategy as contributors to the higher target. The analyst specifically called out the company’s obesity program, life-cycle management efforts for Dupixent, and ongoing development targeting Factor XI as material to the revised valuation.

The firm addressed the imminent fianlimab clinical data readouts in its modeling. Using a sum-of-the-parts framework, Cantor Fitzgerald estimated that the direct impact of those results on the stock could be relatively limited - implying a fundamental move of less than 5 percent. The note emphasized, however, that market sentiment around the release could still generate a broader trading response, potentially producing price changes of roughly 10 percent in either direction.

On valuation, Cantor Fitzgerald reported that Regeneron currently trades at about 14.6 times the firm’s projected 2026 earnings per share of roughly $50. The analyst suggested a multiple range of 13x to 16x as reasonable bookends to consider ahead of the upcoming data readouts.

Other equity research shops have also adjusted their views following Regeneron’s recent financial results. Baird raised its price target to $742 from $630 while keeping a Neutral stance after the company topped analyst expectations in its fourth-quarter 2025 earnings release. Bernstein adjusted its target to $925 from $916, citing a solid quarter and maintaining an Outperform rating. Separately, Wells Fargo lifted its price target to $800, reflecting a constructive view on Dupixent and incorporating an expectation that potential biosimilar competition may not arrive until 2033.

Regeneron is also preparing to present new clinical data for its EYLEA HD product at the Angiogenesis annual meeting. The data package will include final results from the Phase 3 QUASAR trial and primary findings from the Phase 3b ELARA trial. Bernstein had earlier increased its price target to $916, highlighting a bullish stance on EYLEA HD, which the note said experienced 10 percent sequential demand growth in the fourth quarter of 2025.

Taken together, these analyst moves and upcoming data presentations reflect continued attention to Regeneron’s pipeline execution and commercial momentum. The firms cited in the coverage updates pointed to a mix of near-term commercial improvements and development-stage progress as the rationale for higher valuations and adjusted targets.


Note: This article reports analyst price-target changes, valuation metrics and pipeline data as described in the analysts’ notes and company releases.

Risks

  • Upcoming fianlimab clinical readouts could, based on Cantor Fitzgerald’s sum-of-the-parts analysis, have a limited fundamental impact of under 5% on the stock, but market sentiment could still drive price swings of about 10% in either direction - impacting equity volatility in the healthcare sector.
  • Potential biosimilar competition for Dupixent is a noted uncertainty; Wells Fargo’s modeling assumes such competition may not appear until 2033, a timing component that affects long-term revenue projections and risks to pharmaceutical sales forecasts.
  • Valuation sensitivity is a risk: Regeneron trades at roughly 14.6x Cantor Fitzgerald’s 2026 EPS estimate of about $50, and movement outside the suggested 13x-16x multiple range could materially affect equity valuations and investor returns in the biotech and broader market sectors.

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