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Barclays has downgraded Galapagos NV to "underweight" and reduced its price target from €30 to €22, citing concerns over recent clinical trial failures and increased competition in the biopharmaceutical sector. Analysts warn that these challenges may hinder the company's ability to develop and launch new treatments, urging investors to reassess their holdings and monitor upcoming strategic actions.
Galapagos NV's pipeline includes several CAR-T product candidates in various stages of clinical trials, focusing on oncology. Despite ongoing developments, the company faces a "Reduce" rating from analysts, with a consensus target price of $30.75, as institutional investors hold 32.46% of its stock. Recently, shares traded down to $23.71, reflecting a challenging market position.
Crypto gaming is experiencing a resurgence, with Decentraland (MANA) and Gala (GALA) seeing significant gains. Decentraland's active addresses surged from 810 to over 4,000, leading to a 139% price increase, while Gala rallied nearly 200% and is poised for further growth. Meanwhile, Lunex Network is redefining decentralized exchanges with its cross-chain capabilities and a passive income model for $LNEX token holders, raising over $4.6 million in its presale.
Galapagos NV
Companies
| Symbol | GLPG |
| Name | Galapagos NV |
| Currency | USD |
| Sector | Health Care |
| IndustryGroup | Pharmaceuticals, Biotechnology & Life Sciences |
| Industry | Biotechnology |
| Market | NASDAQ Global Select |
| Country | Belgium |
| State | |
| City | Mechelen |
| Zipcode | 2800 |
| Website | http://www.glpg.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Barclays downgrades Galapagos to underweight and cuts price target to 22 euros
14:42 23.01.2025
Galapagos faces analyst downgrades amid ongoing clinical trials and stock decline
14:20 23.01.2025
crypto gaming resurgence as decentraland gala and lunex network gain traction
09:21 10.12.2024
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