Legend Biotech Corporation (LEGN) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 19 analysts107.7% Below Target
LEGN trades 107.7% below Wall Street's consensus target of $58.00.
Current Price$27.93
Average Target$58.00
Target
Current
Low$24.00
Median$64.50
High$75.00
Analyst Target Range
Forward P/E306.3x
(High Premium)
PEG Ratio—
Implied Growth+106.7%
(High Growth)
Analyst Spread87.9%
(Wide Disagreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes LEGN achieves its forward estimates and maintains a stable P/E multiple of 306.3x. This scenario reflects the blended consensus of 19 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
LEGN Price Target Analysis
Updated June 22, 2026As of June 22, 2026, Legend Biotech Corporation (LEGN) has a Wall Street consensus price target of $58.00, based on estimates from 19 covering analysts. With the stock currently trading at $27.93, this represents a potential upside of +107.7%. The company has a market capitalization of $5.17B.
Analyst price targets range from a low of $24.00 to a high of $75.00, representing a 88% spread in expectations. The median target of $64.50 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 16 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, LEGN trades at a trailing P/E of -17.5x and forward P/E of 306.3x. Analysts expect EPS to grow +106.7% over the next year.
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 AnalysisAvg Peer Upside
+58.7%
Industry Consensus
Avg Forward P/E
16.9x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 FATEFate Therapeutics, Inc. | $244M | $2.09 | $5.50 | +163.2% | Buy | — | 31 |
 CRSPCRISPR Therapeutics AG | $5.2B | $54.09 | $71.67 | +32.5% | Buy | — | 38 |
 BEAMBeam Therapeutics Inc. | $3.5B | $34.14 | $48.00 | +40.6% | Buy | — | 27 |
 NTLAIntellia Therapeutics, Inc. | $1.8B | $15.67 | $26.13 | +66.8% | Buy | — | 39 |
 EDITEditas Medicine, Inc. | $263M | $2.69 | $5.00 | +85.9% | Buy | — | 25 |
 BMYBristol-Myers Squibb Company | $110.3B | $54.00 | $62.60 | +15.9% | Hold | 8.5x | 41 |
 ALNYAlnylam Pharmaceuticals, Inc. | $37.1B | $278.09 | $454.27 | +63.4% | Buy | 37.1x | 52 |
 SRPTSarepta Therapeutics, Inc. | $1.9B | $17.53 | $25.14 | +43.4% | Buy | 5.0x | 54 |
 IONSIonis Pharmaceuticals, Inc. | $12.2B | $74.12 | $109.44 | +47.7% | Buy | — | 32 |
 RCUSArcus Biosciences, Inc. | $2.4B | $24.31 | $31.00 | +27.5% | Buy | — | 18 |
LEGN — Frequently Asked Questions
Quick answers to the most common questions about buying LEGN stock.
What is the LEGN stock price target for 2026?
The consensus Wall Street price target for LEGN is $58, representing 107.7% upside from the current price of $27.93. With 19 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is LEGN a buy, sell, or hold?
LEGN has a consensus rating of "Buy" based on 19 Wall Street analysts. The rating breakdown is predominantly bullish, with 16 Buy/Strong Buy ratings. The consensus 12-month price target of $58 implies 107.7% upside from current levels.
Is LEGN stock overvalued or undervalued?
At a forward P/E of 306.25x, LEGN trades at a premium valuation. The consensus price target of $58 (107.7% upside) suggests analysts still see growth justifying the multiple.
How high can LEGN stock go?
The most bullish Wall Street analyst has a price target of $75 for LEGN, while the most conservative target is $24. The consensus of $58 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover LEGN stock?
LEGN is well covered by analysts, with 19 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 16 have Buy ratings, 3 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the LEGN stock forecast?
The 12-month LEGN stock forecast based on 19 Wall Street analysts shows a consensus price target of $58, with estimates ranging from $24 (bear case) to $75 (bull case). The median consensus rating is "Buy".
What is LEGN's forward P/E ratio?
LEGN trades at a forward P/E ratio of 306.3x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy LEGN stock?
Wall Street analysts are very optimistic on LEGN, with a "Buy" consensus rating and $58 price target (107.7% upside). 16 of 19 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 LEGN price targets vary so much?
LEGN analyst price targets range from $24 to $75, a 88% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $58 consensus represents the middle ground.
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