Biogen Inc. (BIIB) Price Target Analysis

Updated Jun 18, 2026

Analyst Rating: Buy

Based on 48 analysts

11.1% Below Target

BIIB trades 11.1% below Wall Street's consensus target of $218.32.

Current Price$196.58

Average Target$218.32

Target

Current

Low$185.00

Median$225.00

High$260.00

Analyst Target Range

Forward P/E13.5x

(Value)

PEG Ratio—

Implied Growth+57.3%

(High Growth)

Analyst Spread34.4%

(Moderate)

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$196.58

Consensus$218.32

High$260.00

Low$185.00

Consensus Scenario Assumptions

The base valuation assumes BIIB achieves its forward estimates and maintains a stable P/E multiple of 13.5x. This scenario reflects the blended consensus of 48 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.

Analyst Ratings Distribution

Breakdown of 48 published analyst recommendations for BIIB

38% hold / mixed conviction

BearishBullish

Weighted analyst sentiment score based on 48 ratings

ConsensusBuy

Coverage48 Analysts

Net Score+29

Bull / Bear60% / 2%

Strong Buy00%

Buy2960%

Hold1838%

Sell12%

Strong Sell00%

Strong Buy

00%

Buy

2960%

Hold

1838%

Sell

12%

Strong Sell

00%

Recommendation Mix60% Buy · 38% Hold · 2% Sell

Buy (29)Hold (18)Sell (1)

BIIB Price Target Analysis

Updated June 21, 2026

As of June 21, 2026, Biogen Inc. (BIIB) has a Wall Street consensus price target of $218.32, based on estimates from 48 covering analysts. With the stock currently trading at $196.58, this represents a potential upside of +11.1%. The company has a market capitalization of $29.02B.

Analyst price targets range from a low of $185.00 to a high of $260.00, representing a 34% spread in expectations. The median target of $225.00 aligns closely with the consensus average.

The current analyst consensus rating is Buy, with 29 analysts rating the stock as a Buy or Strong Buy,18 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.

From a valuation perspective, BIIB trades at a trailing P/E of 22.3x and forward P/E of 13.5x. Analysts expect EPS to grow +57.3% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $281.23, with bear and bull scenarios of $177.17 and $370.54 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Healthcare stocks.

Analyst Sentiment Comparison

Industry Peer Analysis

Avg Peer Upside

+35.3%

Industry Consensus

Avg Forward P/E

24.8x

(Fair)

Peers with Coverage

10 / 10

Active Analyst Tracking

Company	Market Cap	Price	Target	Upside Potential	Rating	Fwd P/E	Analysts
REGNRegeneron Pharmaceuticals, Inc.	$63.4B	$609.94	$836.00	+37.1%	Buy	13.1x	48
VRTXVertex Pharmaceuticals Incorporated	$114.9B	$451.63	$553.93	+22.7%	Buy	23.4x	56
BMRNBioMarin Pharmaceutical Inc.	$10.5B	$54.69	$89.93	+64.4%	Buy	11.1x	41
ALNYAlnylam Pharmaceuticals, Inc.	$37.1B	$278.09	$454.27	+63.4%	Buy	37.1x	52
GILDGilead Sciences, Inc.	$153.7B	$123.76	$161.81	+30.7%	Buy	—	58
AMGNAmgen Inc.	$182.2B	$337.60	$349.33	+3.5%	Buy	15.1x	38
INCYIncyte Corporation	$19.6B	$98.22	$109.80	+11.8%	Buy	13.0x	44
IONSIonis Pharmaceuticals, Inc.	$12.2B	$74.12	$109.44	+47.7%	Buy	—	32
ACADACADIA Pharmaceuticals Inc.	$3.7B	$21.62	$33.67	+55.7%	Buy	55.6x	37
LLYEli Lilly and Company	$1.0T	$1098.13	$1271.24	+15.8%	Buy	30.0x	45

BIIB — Frequently Asked Questions

Quick answers to the most common questions about buying BIIB stock.

What is the BIIB stock price target for 2026?

Biogen Inc. (BIIB) has a consensus 12-month price target of $218.32, implying 11.1% upside from $196.58. The 48 analysts covering BIIB see moderate appreciation potential.

Is BIIB a buy, sell, or hold?

BIIB has a consensus rating of "Buy" based on 48 Wall Street analysts. The rating breakdown is predominantly bullish, with 29 Buy/Strong Buy ratings. The consensus 12-month price target of $218.32 implies 11.1% upside from current levels.

Is BIIB stock overvalued or undervalued?

With a forward P/E of 13.5096x, BIIB trades at a relatively low valuation. The consensus target of $218.32 implies 11.1% appreciation, suggesting meaningful undervaluation.

How high can BIIB stock go?

The most bullish Wall Street analyst has a price target of $260 for BIIB, while the most conservative target is $185. The consensus of $218.32 represents the median expectation. Our quantitative valuation model projects a bull case target of $371 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover BIIB stock?

BIIB is heavily covered by Wall Street, with 48 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 29 have Buy ratings, 18 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the BIIB stock forecast?

The 12-month BIIB stock forecast based on 48 Wall Street analysts shows a consensus price target of $218.32, with estimates ranging from $185 (bear case) to $260 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $281, with bear/bull scenarios of $177/$371.

What is BIIB's fair value based on fundamentals?

Our quantitative valuation model calculates BIIB's fair value at $281 (base case), with a bear case of $177 and bull case of $371. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 50/100.

What is BIIB's forward P/E ratio?

BIIB trades at a forward P/E ratio of 13.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 22.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy BIIB stock?

Wall Street analysts are optimistic on BIIB, with a "Buy" consensus rating and $218.32 price target (11.1% upside). 29 of 48 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do BIIB price targets vary so much?

BIIB analyst price targets range from $185 to $260, a 34% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $218.32 consensus represents the middle ground. Our model's $177-$371 range provides an independent fundamental perspective.

Consensus-Based Analysis Tools