INCYTE CORP (INCY) Forecast, Price Target & Analyst Ratings

NASDAQ:INCY • US45337C1027

Current stock price

92.23 USD
+1.61 (+1.78%)
At close:
92.23 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for INCYTE CORP (INCY).

Forecast Snapshot

Consensus Price Target

Price Target
$109.32
+ 18.53% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 27, 2026
Period
Q1 / 2026
EPS Estimate
$1.46
Revenue Estimate
1.275B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
75.15%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$109.32
Upside
+ 18.53%
From current price of $92.23 to mean target of $109.32, Based on 33 analyst forecasts
Low
$73.55
Median
$109.14
High
$141.75

Price Target Revisions

1 Month
4.64%
3 Months
13.56%

Price Target Summary

33 Wall Street analysts provided a forecast for the next 12 months for INCY. The average price target is 109.32 USD. This implies a price increase of 18.53% is expected in the next year compared to the current price of 92.23.
The average price target has been revised upward by 13.56% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

INCY Current Analyst RatingINCY Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10

Analyst Ratings History

INCY Historical Analyst RatingsINCY Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
75.15%
INCY was analyzed by 33 analysts. The buy percentage consensus is at 75. So analysts seem to be have mildly positive about INCY.
In the previous month the buy percentage consensus was at a similar level.
INCY was analyzed by 33 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-25UBSMaintains Neutral -> Neutral
2026-03-25HC Wainwright & Co.Reiterate Buy -> Buy
2026-03-16JefferiesDowngrade Buy -> Hold
2026-03-09HC Wainwright & Co.Reiterate Buy -> Buy
2026-03-05Evercore ISI GroupMaintains In-Line -> In-Line
2026-02-18BarclaysMaintains Overweight -> Overweight
2026-02-11RBC CapitalMaintains Sector Perform -> Sector Perform
2026-02-11StifelMaintains Buy -> Buy
2026-02-11Wells FargoMaintains Equal-Weight -> Equal-Weight
2026-02-11HC Wainwright & Co.Reiterate Buy -> Buy
2026-02-06Piper SandlerMaintains Overweight -> Overweight
2026-02-05HC Wainwright & Co.Initiate Buy
2026-02-04BarclaysMaintains Overweight -> Overweight
2026-01-20Wells FargoDowngrade Overweight -> Equal-Weight
2026-01-13TD CowenMaintains Buy -> Buy
2026-01-06Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-12-08MizuhoUpgrade Neutral -> Outperform
2025-12-08Wells FargoMaintains Overweight -> Overweight
2025-12-08Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-11-24BarclaysMaintains Overweight -> Overweight
2025-11-04Piper SandlerMaintains Overweight -> Overweight
2025-11-03GuggenheimUpgrade Neutral -> Buy
2025-10-29RBC CapitalMaintains Sector Perform -> Sector Perform
2025-10-29BarclaysMaintains Overweight -> Overweight
2025-10-29Wells FargoMaintains Overweight -> Overweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 27, 2026
Period
Q1 / 2026
EPS Estimate
$1.46
Revenue Estimate
1.275B
Revenue Q2Q
21.09%
EPS Q2Q
25.72%
Number of Analysts
22

Next Earnings Revisions

Revenue (1 Month)
-0.55%
Revenue (3 Months)
0.79%
EPS (1 Month)
2.74%
EPS (3 Months)
-14.71%

Next Earnings Summary

INCY is expected to report earnings on 4/27/2026. The consensus EPS estimate for the next earnings is 1.46 USD and the consensus revenue estimate is 1.27B USD.
The next earnings revenue estimate has been revised upward by 0.79% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
INCY revenue by date.INCY revenue by date.
3.696B
8.87%		4.241B
14.76%		5.141B
21.22%		5.705B
10.97%		6.303B
10.48%		6.482B
2.84%		4.712B
-27.31%		4.869B
3.33%		5.531B
13.60%		5.818B
5.19%		6.05B
3.99%
EBITDA
YoY % growth
INCY ebitda by date.INCY ebitda by date.
734.432M
10.04%		200.892M
-72.65%		1.436B
614.83%		1.949B
35.72%		2.497B
28.12%		2.682B
7.41%		1.212B
-54.81%		1.013B
-16.42%		1.069B
5.53%		1.105B
3.37%		1.148B
3.89%
EBIT
YoY % growth
INCY ebit by date.INCY ebit by date.
651.772M
8.72%		111.644M
-82.87%		1.343B
1,102.71%		1.924B
43.29%		2.401B
24.79%		2.589B
7.83%		799.78M
-69.11%		1.169B
46.17%		1.939B
65.87%		2.258B
16.45%		2.492B
10.36%
Operating Margin
INCY operating margin by date.INCY operating margin by date.
17.64%2.63%26.12%33.72%38.09%39.94%16.97%24.01%35.06%38.81%41.19%
EPS
YoY % growth
INCY eps by date.INCY eps by date.
3.52
26.62%		1.32
-62.50%		6.79
414.39%		7.66
12.80%		8.98
17.21%		9.60
6.96%		3.92
-59.16%		4.41
12.36%		7.16
62.43%		8.10
13.20%		8.81
8.79%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26
EPS
Q2Q % growth		1.46
25.72%		1.82
15.62%		2.17
-4.01%		2.36
31.26%
Revenue
Q2Q % growth		1.275B
21.09%		1.405B
15.59%		1.464B
7.18%		1.545B
2.53%
EBITDA
Q2Q % growth		268.75M
12.40%		418.21M
17.44%		628.89M
25.62%		616.55M
29.21%
EBIT
Q2Q % growth		358.26M
65.29%		460.63M
48.20%		726.58M
68.46%		682.61M
77.82%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

INCY Yearly Revenue VS EstimatesINCY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
INCY Yearly EPS VS EstimatesINCY Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 2 4 6 8

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
12.24%
EPS Next 5 Year
-8.29%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
8.50%
Revenue Next 5 Year
-0.83%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
17.20%
EBIT Next 5 Year
-9.47%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

INCYTE CORP / INCY Forecast FAQ

Can you provide the average price target for INCYTE CORP stock?

33 analysts have analysed INCY and the average price target is 109.32 USD. This implies a price increase of 18.53% is expected in the next year compared to the current price of 92.23.

When does INCYTE CORP (INCY) report earnings?

INCYTE CORP (INCY) will report earnings on 2026-04-27.

What are the consensus estimates for INCYTE CORP (INCY) next earnings?

The consensus EPS estimate for the next earnings of INCYTE CORP (INCY) is 1.46 USD and the consensus revenue estimate is 1.27B USD.

What is the expected long term growth rate for INCYTE CORP (INCY)?

The expected long term growth rate for INCYTE CORP (INCY) is 8.5%.