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

NASDAQ:INCY • US45337C1027

Current stock price

96.91 USD
+1.64 (+1.72%)
At close:
97.4 USD
+0.49 (+0.51%)
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
$109.42
+ 12.91% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jul 27, 2026
Period
Q2 / 2026
EPS Estimate
$1.87
Revenue Estimate
1.389B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
73.94%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$109.42
Upside
+ 12.91%
From current price of $96.91 to mean target of $109.42, Based on 33 analyst forecasts
Low
$72.83
Median
$108.63
High
$141.75

Price Target Revisions

1 Month
0.01%
3 Months
5.00%

Price Target Summary

33 Wall Street analysts provided a forecast for the next 12 months for INCY. The average price target is 109.42 USD. This implies a price increase of 12.91% is expected in the next year compared to the current price of 96.91.
The average price target has been revised upward by 5% 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 15

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
73.94%
INCY was analyzed by 33 analysts. The buy percentage consensus is at 74. 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
2026-04-29OppenheimerMaintains Perform -> Perform
2026-04-29StifelMaintains Buy -> Buy
2026-04-15HC Wainwright & Co.Reiterate Buy -> Buy
2026-03-30HC Wainwright & Co.Reiterate Buy -> Buy
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

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jul 27, 2026
Period
Q2 / 2026
EPS Estimate
$1.87
Revenue Estimate
1.389B
Revenue Q2Q
14.27%
EPS Q2Q
19.10%
Number of Analysts
24

Next Earnings Revisions

Revenue (1 Month)
-1.65%
Revenue (3 Months)
-1.50%
EPS (1 Month)
-2.22%
EPS (3 Months)
-15.62%

Next Earnings Summary

INCY is expected to report earnings on 7/27/2026. The consensus EPS estimate for the next earnings is 1.87 USD and the consensus revenue estimate is 1.39B USD.
The next earnings revenue estimate has been revised downward by 1.5% 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%		5.678B
10.44%		6.302B
10.99%		6.489B
2.97%		4.713B
-27.37%		4.869B
3.31%		5.756B
18.22%		6.073B
5.51%		6.286B
3.51%
EBITDA
YoY % growth
INCY ebitda by date.INCY ebitda by date.
734.432M
10.04%		200.892M
-72.65%		1.436B
614.83%		1.96B
36.49%		2.483B
26.68%		2.697B
8.62%		1.212B
-55.06%		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%		800.07M
-69.10%		1.179B
47.36%		1.951B
65.48%		2.271B
16.40%		2.506B
10.35%
Operating Margin
INCY operating margin by date.INCY operating margin by date.
17.64%2.63%26.12%33.89%38.10%39.90%16.98%24.21%33.90%37.40%39.87%
EPS
YoY % growth
INCY eps by date.INCY eps by date.
3.52
26.62%		1.32
-62.50%		6.79
414.39%		7.74
13.99%		9.14
18.04%		9.47
3.62%		3.77
-60.18%		4.18
10.97%		7.19
71.91%		8.13
13.11%		8.85
8.80%

All data in USD

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

Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		1.87
19.10%		2.14
-5.53%		2.31
28.07%		2.13
17.50%		2.32
23.83%		2.48
16.33%		3.15
36.73%
Revenue
Q2Q % growth		1.389B
14.27%		1.474B
7.91%		1.575B
4.52%		1.391B
9.30%		1.487B
7.06%		1.533B
4.00%		1.622B
2.98%
EBITDA
Q2Q % growth		399.5M
12.19%		525.24M
4.92%		640.96M
34.33%		N/AN/AN/AN/A
EBIT
Q2Q % growth		457.27M
47.12%		514.18M
19.21%		576.35M
50.14%		509.04M
51.45%		578.87M
26.59%		595.4M
15.80%		631.12M
9.50%

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
11.72%
EPS Next 5 Year
-9.23%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
8.54%
Revenue Next 5 Year
-0.83%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
17.42%
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 109.42 USD. This implies a price increase of 12.91% is expected in the next year compared to the current price of 96.91.

When does INCYTE CORP (INCY) report earnings?

INCYTE CORP (INCY) will report earnings on 2026-07-27.

Can you provide the consensus estimates for INCYTE CORP next earnings?

The consensus EPS estimate for the next earnings of INCYTE CORP (INCY) is 1.87 USD and the consensus revenue estimate is 1.39B USD.

How many analysts have analysed INCYTE CORP (INCY)?

The number of analysts covering INCYTE CORP (INCY) is 33.