Equites Radar

IONS · Ionis Pharmaceuticals, Inc.

BiotechnologyUnited StatesAnalyst view: Buy

$42.93

-2.23% last session

End-of-day data · close of 2026-10-23

Bearish1 bullish · 4 bearish technical signals
Consensus: Buy (1.68 from 23 analysts)
To mean target: +93.1%

Market cap

$7B

Enterprise value

$7B

Trailing P/E

—

Forward P/E

-37.5

Dividend yield

0.0%

Beta

0.38

Avg volume

3M

Employees

1K

Daily Change %

-2.23%

5 Days Change

2.26%

10 Days Change

3.61%

30 Days Change

-0.05%

60 Days Change

-29.22%

Month to Day Change

-0.20%

Year to Day Change

-44.50%

Analyst Outlook

Consensus ratingBuy
Recommendation mean (1–5)1.68
Covering analysts23
Mean price target$82.91
Low price target$58.00
Upside to mean target+93.1%

Analyst estimates change daily — follow the shifts on the Estimate Trends page.

Technical Analysis

RSI (14)39.8
50-day MA$50.52
200-day MA$67.69
Price vs 50-day MA-15.0%
Price vs 200-day MA-36.6%
MACD histogram0.47
Volume vs 3-month avg0.9×
52w low $42.3852w high $86.50

Analyst sentiment over time — IONS

Rec Mean (blue, left — higher = more bullish) vs. price targets (right).

Investment Bank Ratings as of 2026-10-22

Latest call per bank · past 12 months

UBS

Buy

$88.00

+105.0% vs price
▲ raised from $46.00Upgrade · 2026-10-15

JP Morgan

Overweight

$70.00

+63.1% vs price
▼ cut from $76.00Maintains · 2026-09-22

Barclays

Overweight

$85.00

+98.0% vs price
▼ cut from $90.00Maintains · 2026-09-09

Morgan Stanley

Overweight

$104

+142.3% vs price
▼ cut from $110Maintains · 2026-09-08

Goldman Sachs

Neutral

$56.00

+30.4% vs price
▼ cut from $69.00Maintains · 2026-09-08

Wells Fargo

Overweight

$95.00

+121.3% vs price
▼ cut from $100Maintains · 2026-07-30

RBC Capital

Outperform

$85.00

+98.0% vs price
▼ cut from $100Maintains · 2026-07-13

Citigroup

Buy

$100

+132.9% vs price
▼ cut from $115Maintains · 2026-07-10

Jefferies

Buy

$90.00

+109.6% vs price
▼ cut from $113Maintains · 2026-07-09

Bank of America

Buy

$111

+158.6% vs price
▲ raised from $100Maintains · 2026-04-09

Recent rating actions

DateFirmActionRatingPrice target
2026-10-22BMO CapitalUpgradeMarket Perform → Outperform$54.00 → $66.00
2026-10-15UBSUpgradeNeutral → Buy$46.00 → $88.00
2026-09-24HC Wainwright & Co.ReiteratesBuy$100
2026-09-22JP MorganMaintainsOverweight$76.00 → $70.00
2026-09-15GuggenheimMaintainsBuy$89.00 → $80.00
2026-09-09BarclaysMaintainsOverweight$90.00 → $85.00
2026-09-08Morgan StanleyMaintainsOverweight$110 → $104
2026-09-08Goldman SachsMaintainsNeutral$69.00 → $56.00

Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.

Signal Summary as of 2026-10-23

  • neutral: RSI (14): RSI is 40 — neutral momentum, neither overbought nor oversold.
  • bearish: Price vs 50-day MA: Trading 15.0% below the 50-day MA ($50.52).
  • bearish: Price vs 200-day MA: Trading 36.6% below the 200-day MA ($67.69).
  • bearish: MA cross: The 50-day MA sits below the 200-day MA (death-cross regime) — the longer-term trend points down.
  • bullish: MACD (12,26,9): MACD histogram is positive (+0.47) — short-term momentum is improving.
  • bearish: 52-week range: Price is within 10% of the 52-week low ($42.38).

IONS Price Chart

Loading chart for IONS…

Fundamentals

Revenue (TTM)$1.0B
EBITDA-$1.0B
Free cash flow$0M
Operating cash flow$0M
Book value / share$2.66
Net Debt / EBITDA-0.2
WACC7.0%
Revenue growth-41.00%
Earnings growth—

About Ionis Pharmaceuticals, Inc.

Ionis Pharmaceuticals, Inc., a commercial-stage biotechnology company, provides RNA-targeted medicines in the United States. The company offers TRYNGOLZA reduces triglyceride levels in adults with familial chylomicronemia syndrome (FCS) and acute pancreatitis; DAWNZERA for prophylaxis to prevent attacks of hereditary angioedema in adults; WAINUA for the treatment of the polyneuropathy of hereditary transthyretin-medicated amyloidosis (ATTRv-PN) in adults; and SPINRAZA for pediatric and adult patients with spinal muscular atrophy (SMA). It also provides QALSODY for the treatment of Amyotrophic Lateral Sclerosis (ALS); TEGSEDI for the treatment of ATTRv-PN in adults; and WAYLIVRA for treatment for FCS and familial partial lipodystrophy. It also develops products under Phase 3 clinical trials, such as Olezarsen for patients with hypertriglyceridemia (SHTG) and cardiovascular disease (CVD); and Zilganerse, a potential treatment for people with genetically confirmed Alexander disease, as well as ION582 which is in Phase 3 clinical trial for the potential treatment of AS, a rare genetic neurological disease. In addition, the company develops Eplontersen to degrade mutant and wild-type TTR mRNA through binding to the TTR mRNA; Pelacarsen to inhibit the production of apolipoprotein(a) in the liver to offer a direct approach for reducing lipoprotein(a); Bepirovirsen to inhibit the production of viral proteins associated with hepatitis B virus; Sefaxersen to reduce the production of complement factor B and lower activation of the alternative complement pathway; and Ulefnersen to reduce the production of the fused in sarcoma, as well as other mid-stage pipeline investigational medicines. It has a strategic collaboration with Biogen for the treatment of neurological disorders; and collaboration and license agreement with GSK, AstraZeneca, Novartis, and Roche, as well as with Metagenomi. The company was incorporated in 1989 and is headquartered in Carlsbad, California.

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