UBS has reiterated a Neutral rating on Royalty Pharma (NASDAQ: RPRX) with a target price of USD 33, despite the stock's 24.5% year-to-date gain. The company faces potential risks from changes in tax legislation, particularly concerning its zero tax rate structure, but is expected to remain profitable with projected earnings growth.In its recent fourth-quarter results, Royalty Pharma reported an EPS of USD 0.3531 and sales of USD 594 million, both below expectations. However, it achieved portfolio revenues of USD 2.8 billion for 2024 and plans a USD 2 billion share buyback, while Citi maintains a Buy rating with a target of USD 40, citing stability in its tax structure.