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Bullish Case: Recent robust earnings beat, strategic partnership with Biogen, promising trial data for narcolepsy, and growing opioid antagonist market construct a strong bullish scenario for ALKS.


Bearish Case: Insider selling, historical underperformance, and approaching generic competition for key drugs cast a shadow over long-term growth, suggesting bearish conditions for ALKS.


Potential Outcomes: Ongoing market acceptance of ALKS's narcolepsy drug: 70%. Biogen partnership driving MS treatment success: 60%. Generic competition impact materializing post-2027: 30%.


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April 16, 2024


Alkermes Forecast

ALKS        Alkermes
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with ALKS



NVCR Forecast + Options Trading Strategies   [NVCR]  NovoCure (0.8)


GOOS Forecast + Options Trading Strategies   [GOOS]  Canada Goose Holdings Inc (Subord Vot Shs) (0.78)


ZI Forecast + Options Trading Strategies   [ZI]  ZoomInfo (0.77)


LFST Forecast + Options Trading Strategies   [LFST]  LifeStance Health (0.77)


EL Forecast + Options Trading Strategies   [EL]  Estee Lauder Cos. (0.76)



Uncorrelated Stock Forecasts

Assets with little price relationship to ALKS



IONQ Forecast + Options Trading Strategies   [IONQ]  IonQ (0.0)


BSY Forecast + Options Trading Strategies   [BSY]  Bentley Systems (-0.0)


CSGP Forecast + Options Trading Strategies   [CSGP]  Costar Group (-0.0)


PEG Forecast + Options Trading Strategies   [PEG]  Public Service Enterprise (0.0)


CGC Forecast + Options Trading Strategies   [CGC]  Canopy Growth (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ALKS



ARLP Forecast + Options Trading Strategies   [ARLP]  Alliance Resource (-0.66)


TDS Forecast + Options Trading Strategies   [TDS]  Telephone And Data Systems (-0.66)


CCJ Forecast + Options Trading Strategies   [CCJ]  Cameco (-0.67)


LNG Forecast + Options Trading Strategies   [LNG]  Cheniere Energy (-0.68)


LOPE Forecast + Options Trading Strategies   [LOPE]  Grand Canyon Education (-0.69)





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