Oppenheimer Downgrades Exelixis (LSE:0IJO)

Fintel reports that on January 24, 2025, Oppenheimer downgraded their outlook for Exelixis (LSE:0IJO) from Outperform to Perform.

Analyst Price Forecast Suggests 61.69% Upside

As of December 23, 2024, the average one-year price target for Exelixis is 33.73 GBX/share. The forecasts range from a low of 23.24 GBX to a high of 42.03 GBX. The average price target represents an increase of 61.69% from its latest reported closing price of 20.86 GBX / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Exelixis is 2,110MM, an increase of 1.36%. The projected annual non-GAAP EPS is 0.98.

What is the Fund Sentiment?

There are 1,021 funds or institutions reporting positions in Exelixis. This is an increase of 58 owner(s) or 6.02% in the last quarter. Average portfolio weight of all funds dedicated to 0IJO is 0.35%, an increase of 10.29%. Total shares owned by institutions increased in the last three months by 4.06% to 298,808K shares.

What are Other Shareholders Doing?

GB:0IJO / Exelixis, Inc. Shares Held by Institutions

Farallon Capital Management holds 25,410K shares representing 8.90% ownership of the company. In its prior filing, the firm reported owning 27,102K shares , representing a decrease of 6.66%. The firm increased its portfolio allocation in 0IJO by 12.28% over the last quarter.

Renaissance Technologies holds 15,360K shares representing 5.38% ownership of the company. In its prior filing, the firm reported owning 15,163K shares , representing an increase of 1.28%. The firm increased its portfolio allocation in 0IJO by 3.72% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 8,917K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 9,061K shares , representing a decrease of 1.61%. The firm increased its portfolio allocation in 0IJO by 3.81% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,635K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 8,845K shares , representing a decrease of 2.44%. The firm increased its portfolio allocation in 0IJO by 5.89% over the last quarter.

Lsv Asset Management holds 8,102K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 5,764K shares , representing an increase of 28.86%. The firm increased its portfolio allocation in 0IJO by 58.82% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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