Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 30 Jun, 26 | HALO | Buy | USD 77.3 | USD 81.2 | USD 85.5 | 7 days | Closed |
5.52%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Halozyme Therapeutics, Inc., a biopharmaceutical company, researches, develops, and commercializes of proprietary enzymes and devices in the United States, Switzerland, Belgium, Japan, and internationally. The company's products are based on the patented recombinant human hyaluronidase enzyme (rHuPH20) that enables delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules, as well as small molecules and fluids. It offers Hylenex recombinant, a formulation of rHuPH20 that facilitates subcutaneous (SC) administration to enhance the dispersion and absorption of other injected drugs in SC urography and to enhance resorption of radiopaque agents; and XYOSTED, an injection for SC administration of testosterone replacement therapy. The company also provides Herceptin (trastuzumab) under the brand name Herceptin Hylecta; and Phesgo to treat breast cancer; Mabthera SC for chronic lymphocytic leukemia treatment; Tecentriq SC for IV infusion; Ocrevus SC for multiple sclerosis; HYQVIA to treat primary immunodeficiency disorders; DARZALEX to treat amyloidosis, and smoldering and multiple myeloma; epinephrine Injection to treat allergic reactions; nivolumab and relatlimab to treat metastatic or unresectable melanoma; teriparatide injections; ARGX-113; and ARGX-117 to treat severe autoimmune diseases in multifocal motor neuropathy. It has collaborations and licensing agreements with F. Hoffmann-La Roche, Ltd. and Hoffmann-La Roche, Inc.; Takeda Pharmaceuticals International AG and Baxalta US Inc.; Pfizer Inc.; Janssen Biotech, Inc.; AbbVie, Inc.; Eli Lilly and Company; Bristol Myers Squibb Company; argenx BVBA; ViiV Healthcare; Chugai Pharmaceutical Co., Ltd.; Acumen Pharmaceuticals, Inc.; Merus N.V.; and Skye Bioscience, Inc. The company was founded in 1998 and is headquartered in San Diego, California.
Adjusted EBITDA Growth Q1FY26 Adjusted EBITDA stood at USD 229.5 Mn vs USD 162.0 Mn in Q1FY25
Revenue Growth Q1FY26 Total Revenue stood at USD 376.7 Mn vs USD 264.9 Mn in Q1FY25
Increase in Cost of Sales Q1FY26 Cost of Sales stood at USD 79.2 Mn vs USD 48.4 Mn in Q1FY25
Increase in R&D Expense Q1FY26 R&D Expense stood at USD 25.6 Mn vs USD 14.8 Mn in Q1FY25
Halozyme's future growth remains dependent on sustained commercialization success, regulatory approvals, and continued royalty contributions from partner-developed ENHANZE® and Hypercon™ products, making the business sensitive to partner execution and pipeline development timelines
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 77.3 | 69.0 | 81.2 | 85.5 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Exceptional Financial Performance Supported by Royalty Growth: Halozyme Therapeutics delivered a strong Q1FY26 performance, driven by continued adoption of its ENHANZE® technology. Total revenue increased 42% YoY to USD 376.7 million, while royalty revenue rose 43% to USD 240.7 million. Operating income and net income also improved, reflecting robust commercial execution and expanding partner product sales.
Expanding ENHANZE® Franchise Strengthens Long-Term Growth: The company continued to enhance its royalty-generating platform through new product approvals and indication expansions. VYVGART Hytrulo received FDA approval across all generalized myasthenia gravis serotypes, while DARZALEX Faspro secured additional indications. These developments expand the addressable patient base and reinforce long-term royalty growth potential.
Pipeline Expansion and New Partnerships Enhance Future Visibility: Halozyme strengthened its future growth outlook through new collaboration and licensing agreements with GSK, Vertex, and Oruka Therapeutics. The company expects 13 ENHANZE® products in development by the end of 2026 and projects two Hypercon™ launches in 2030/2031, creating additional long-term royalty streams beyond its existing commercial portfolio.
Strong Capital Allocation and Shareholder Returns: Robust free cash flow enabled Halozyme to introduce a new USD 1 billion share repurchase authorization, with plans to repurchase at least USD 400 million of shares during 2026. The company also remains focused on investing in ENHANZE®, Hypercon™, and Surf Bio while gradually reducing debt and maintaining disciplined capital allocation.
Confident Outlook Backed by Durable Business Momentum: Management reaffirmed its FY2026 guidance, expecting total revenue of USD 1.71-1.81 billion, royalty revenue of USD 1.13-1.17 billion, adjusted EBITDA of USD 1.125-1.205 billion, and Non-GAAP diluted EPS of USD 7.75-8.25. Continued commercial momentum, expanding product launches, and growing development activity support confidence in sustained long-term growth.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to Halozyme Therapeutics, Inc. (NASDAQ: HALO) at the current market price of USD 77.3, as on 30 June,2026 at 8:04 am PDT
Data Powered by EOD Historical Data (“EODHD”).
Sector: Healthcare Industry: Biotechnology
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HALO Halozyme Therapeutics Inc |
0.90 1.16% | 77.98 | 26.72 | 5.13 | 5.80 | 168.90 | 7.34 | 17.88 |
| NVO Novo Nordisk A/S |
-0.175 0.35% | 49.44 | 41.58 | 31.15 | 2.13 | 32.99 | 2.11 | 4.70 |
| NONOF Novo Nordisk A/S |
-0.6 1.20% | 49.50 | 41.06 | 31.25 | 2.08 | 33.11 | 2.11 | 4.70 |
| VRTX Vertex Pharmaceuticals Inc |
-0.285 0.06% | 480.21 | 29.67 | 24.33 | 10.38 | 5.83 | 9.33 | 20.00 |
| REGN Regeneron Pharmaceuticals Inc |
-0.78 0.12% | 671.37 | 29.07 | 20.12 | 7.57 | 3.82 | 6.95 | 19.42 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on June 30, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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