野村发布研报称,重申百济神州(06160)“买入”评级,将目标价上调9.6%,从188.53港元上调至206.6港元。受惠于管理层提供的更高增长指引,该行上调2025和2026财年销售额预测9.1%,分别至51亿和81亿美元,下调2025财年盈利预测0.6%,上调2026年盈利预测20.4%。
野村指出,管理层对于旗下药物泽布替尼(zanubrutinib)的竞争优势及2025财年的销售充满信心。虽然管理层没有提供具体产品的细节,但野村认为,美国市场的zanubrutinib仍然是主要的增长动力,同时欧盟的销售也在增长。
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