Incyte Corporation (INCY)

US — Healthcare Sector
Peers: UTHR  GMAB  RPRX  DGX  ZBH  WST  WAT  BIIB  ILMN  THC 

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Key Metrics & Ratings

  • symbol INCY
  • Rev/Share 24.5981
  • Book/Share 23.7706
  • PB 4.3171
  • Debt/Equity 0.0089
  • CurrentRatio 3.1938
  • ROIC 0.2074

 

  • MktCap 20146635782.0
  • FreeCF/Share 6.1177
  • PFCF 16.8304
  • PE 16.8938
  • Debt/Assets 0.0065
  • DivYield 0
  • ROE 0.2983

 

  • Rating A
  • Score 4
  • Recommendation Buy
  • P/E Score 3
  • DCF Score 4
  • P/B Score 2
  • D/E Score 4

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade INCY Wells Fargo Overweight Equal Weight -- $107 Jan. 20, 2026
Upgrade INCY Mizuho Neutral Outperform -- $121 Dec. 8, 2025
Upgrade INCY Guggenheim Neutral Buy -- $125 Nov. 3, 2025
Downgrade INCY Oppenheimer Outperform Perform -- -- Oct. 8, 2025
Upgrade INCY Wells Fargo Equal Weight Overweight -- $89 Aug. 6, 2025
Initiation INCY Barclays -- Overweight -- $90 Aug. 1, 2025
Upgrade INCY Stifel Hold Buy -- $107 June 16, 2025
Downgrade INCY William Blair Outperform Market Perform -- -- March 18, 2025
Downgrade INCY Guggenheim Buy Neutral -- -- March 18, 2025
Initiation INCY UBS -- Neutral -- $77 Dec. 17, 2024

News

Incyte: Buy For The Turnaround, Stay For The Pipeline
INCY
Published: January 16, 2026 by: Seeking Alpha
Sentiment: Positive

Incyte Corporation earns a Strong Buy rating, with recent execution driving a 56% stock rally and robust revenue growth. Jakafi sales rose 6.7% YoY in Q3 2025, defying terminal decline fears, while ex-Jakafi business surged 45% YoY. Management projects ex-Jakafi revenues to triple by 2030, with pipeline catalysts and Jakafi XR mitigating the 2028 patent cliff.

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image for news Incyte: Buy For The Turnaround, Stay For The Pipeline
Steven Cress' Top 10 Stocks For 2026
ABX, ALL, AMD, ATI, B, CIEN, CLS, COHR, INCY, MU, WLDN
Published: January 15, 2026 by: Seeking Alpha
Sentiment: Positive

Micron Technology (MU) leads Steven Cress' Top 10 Stocks for 2026, driven by sector-leading growth, profitability, and a compelling valuation despite a 254% 1-year return. AI remains a central investment theme, with hyperscalers like MU, AMD, and CIEN benefiting from robust CapEx, strong forward EPS growth, and discounted PEG ratios.

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image for news Steven Cress' Top 10 Stocks For 2026
These 2 Medical Stocks Could Beat Earnings: Why They Should Be on Your Radar
AMGN, INCY
Published: January 13, 2026 by: Zacks Investment Research
Sentiment: Positive

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

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image for news These 2 Medical Stocks Could Beat Earnings: Why They Should Be on Your Radar
Incyte Corporation (INCY) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript
INCY
Published: January 12, 2026 by: Seeking Alpha
Sentiment: Neutral

Incyte Corporation (INCY) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript

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image for news Incyte Corporation (INCY) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript
Will Incyte (INCY) Beat Estimates Again in Its Next Earnings Report?
INCY
Published: January 12, 2026 by: Zacks Investment Research
Sentiment: Positive

Incyte (INCY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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image for news Will Incyte (INCY) Beat Estimates Again in Its Next Earnings Report?
Why Investors Need to Take Advantage of These 2 Medical Stocks Now
INCY, JNJ
Published: January 07, 2026 by: Zacks Investment Research
Sentiment: Positive

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

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image for news Why Investors Need to Take Advantage of These 2 Medical Stocks Now
Incyte: Maintaining Buy Rating As Hem/Oncology Portfolio Adds 2 Recent Wins
INCY
Published: January 06, 2026 by: Seeking Alpha
Sentiment: Positive

Incyte Corporation remains a Buy, driven by robust Hem/Oncology portfolio growth and key Monjuvi/Minjuvi expansion catalysts. INCY's Hem/Onc portfolio revenues surged 107% YoY in Q3 2025, fueled by Monjuvi/Minjuvi and Niktimvo performance. Positive phase 3 frontMIND data for Monjuvi enables a 1st-line DLBCL sBLA filing in H1 2026, expanding addressable market.

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image for news Incyte: Maintaining Buy Rating As Hem/Oncology Portfolio Adds 2 Recent Wins
INCY's Phase III Monjuvi Study Meets Key Goals in First-Line Lymphoma
INCY
Published: January 06, 2026 by: Zacks Investment Research
Sentiment: Neutral

Incyte's phase III study of Monjuvi combo for first-line DLBCL treatment met primary and key secondary goals, paving the way for a 2026 FDA filing.

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image for news INCY's Phase III Monjuvi Study Meets Key Goals in First-Line Lymphoma
Incyte Study Shows Lymphoma Drug Combo Slows Aggressive Blood Cancer
INCY
Published: January 05, 2026 by: Benzinga
Sentiment: Positive

Incyte Corporation (NASDAQ: INCY) on Monday shared topline results from the pivotal Phase 3 frontMIND trial of tafasitamab (Monjuvi/Minjuvi) combo as a first-line treatment for adults with newly diagnosed diffuse large B-cell lymphoma (DLBCL).

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image for news Incyte Study Shows Lymphoma Drug Combo Slows Aggressive Blood Cancer
Incyte (INCY) Soars 5.5%: Is Further Upside Left in the Stock?
INCY
Published: December 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Incyte (INCY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

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image for news Incyte (INCY) Soars 5.5%: Is Further Upside Left in the Stock?
Incyte Japan Announces Approval of Minjuvi® (tafasitamab) in Combination with Rituximab and Lenalidomide for the Treatment of Relapsed or Refractory Follicular Lymphoma
INCY
Published: December 22, 2025 by: Business Wire
Sentiment: Neutral

TOKYO--(BUSINESS WIRE)---- $INCY--Incyte Japan Announces Approval of Minjuvi® (tafasitamab) in Combination with Rituximab and Lenalidomide for Relapsed/Refractory Follicular Lymphoma.

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image for news Incyte Japan Announces Approval of Minjuvi® (tafasitamab) in Combination with Rituximab and Lenalidomide for the Treatment of Relapsed or Refractory Follicular Lymphoma
Incyte Japan Announces Approval of Zynyz® (retifanlimab) for the First-Line Treatment of Advanced Anal Cancer
INCY
Published: December 22, 2025 by: Business Wire
Sentiment: Neutral

TOKYO--(BUSINESS WIRE)---- $INCY--Incyte Japan Announces Approval of Zynyz® (retifanlimab) for the First-Line Treatment of Advanced Anal Cancer.

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image for news Incyte Japan Announces Approval of Zynyz® (retifanlimab) for the First-Line Treatment of Advanced Anal Cancer
EC Approves Label Expansion of INCY's Lymphoma Drug Minjuvi
INCY
Published: December 18, 2025 by: Zacks Investment Research
Sentiment: Positive

INCY wins EC approval expanding Minjuvi's label, adding a new indication for relapsed or refractory follicular lymphoma after prior therapy.

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image for news EC Approves Label Expansion of INCY's Lymphoma Drug Minjuvi
Incyte Announces European Commission Approval of Minjuvi® (tafasitamab) for the Treatment of Relapsed or Refractory Follicular Lymphoma
INCY
Published: December 17, 2025 by: Business Wire
Sentiment: Neutral

WILMINGTON, Del.--(BUSINESS WIRE)---- $INCY--Incyte Announces European Commission Approval of Minjuvi® (tafasitamab) for the Treatment of Relapsed or Refractory Follicular Lymphoma.

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image for news Incyte Announces European Commission Approval of Minjuvi® (tafasitamab) for the Treatment of Relapsed or Refractory Follicular Lymphoma
Here's Why Incyte (INCY) is a Strong Value Stock
INCY
Published: December 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

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image for news Here's Why Incyte (INCY) is a Strong Value Stock
Calls of the Day: Netflix, Thermo Fisher, Incyte and Shake Shack
INCY, NFLX, SHAK, TMO
Published: December 09, 2025 by: CNBC Television
Sentiment: Neutral

The Investment Committee debate the latest Calls of the Day.

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image for news Calls of the Day: Netflix, Thermo Fisher, Incyte and Shake Shack
Incyte's Rare Blood Cancer Therapy Gets FDA's Breakthrough Status
INCY
Published: December 08, 2025 by: Zacks Investment Research
Sentiment: Positive

INCY secures FDA Breakthrough Therapy status for INCA033989 after early data show rapid and sustained platelet normalization in essential thrombocythemia patients.

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image for news Incyte's Rare Blood Cancer Therapy Gets FDA's Breakthrough Status
Incyte Corporation (INCY) Presents at Evercore 8th Annual Healthcare Conference Transcript
INCY
Published: December 03, 2025 by: Seeking Alpha
Sentiment: Neutral

Incyte Corporation (INCY) Presents at Evercore 8th Annual Healthcare Conference Transcript

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image for news Incyte Corporation (INCY) Presents at Evercore 8th Annual Healthcare Conference Transcript
Incyte Corporation (INCY) Presents at Citi Annual Global Healthcare Conference 2025 Transcript
INCY
Published: December 02, 2025 by: Seeking Alpha
Sentiment: Neutral

Incyte Corporation (INCY) Presents at Citi Annual Global Healthcare Conference 2025 Transcript

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image for news Incyte Corporation (INCY) Presents at Citi Annual Global Healthcare Conference 2025 Transcript
Incyte and Winnie Harlow Join Forces to Share Her Personal Vitiligo Story and Spark Conversation and Understanding
INCY
Published: December 02, 2025 by: Business Wire
Sentiment: Neutral

WILMINGTON, Del.--(BUSINESS WIRE)--Incyte and Winnie Harlow Join Forces to Share Her Personal Vitiligo Story and Spark Conversation and Understanding.

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image for news Incyte and Winnie Harlow Join Forces to Share Her Personal Vitiligo Story and Spark Conversation and Understanding
Incyte (INCY) Up 17.2% Since Last Earnings Report: Can It Continue?
INCY
Published: November 27, 2025 by: Zacks Investment Research
Sentiment: Positive

Incyte (INCY) reported earnings 30 days ago. What's next for the stock?

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image for news Incyte (INCY) Up 17.2% Since Last Earnings Report: Can It Continue?
Why Incyte (INCY) is a Top Momentum Stock for the Long-Term
INCY
Published: November 20, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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image for news Why Incyte (INCY) is a Top Momentum Stock for the Long-Term
Why Incyte (INCY) is a Top Value Stock for the Long-Term
INCY
Published: November 19, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

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image for news Why Incyte (INCY) is a Top Value Stock for the Long-Term
Incyte Corporation (INCY) Presents at Jefferies London Healthcare Conference 2025 Transcript
INCY
Published: November 18, 2025 by: Seeking Alpha
Sentiment: Neutral

Incyte Corporation ( INCY ) Jefferies London Healthcare Conference 2025 November 18, 2025 6:00 AM EST Company Participants William Meury - CEO, President & Director Pablo Cagnoni - President and Head of Research & Development Conference Call Participants Yuxi Dong - Jefferies LLC, Research Division Presentation Yuxi Dong Jefferies LLC, Research Division All right. Good morning.

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image for news Incyte Corporation (INCY) Presents at Jefferies London Healthcare Conference 2025 Transcript
3 Best Healthcare Stocks: Quant Strong Buys From Goldman's 'Alpha' List
INCY, PFE, PPH, VRTX, XBI, XLV
Published: November 17, 2025 by: Seeking Alpha
Sentiment: Positive

The healthcare sector's renewed momentum offers fertile ground for investors wanting to outperform by picking the best stocks from the broader indexes. Goldman Sachs identified 29 healthcare stocks in the Russell 1000 universe with positive recent consensus revisions to 2026 EPS estimates and that trade at attractive valuations. Goldman sees "more opportunity for alpha than beta" as wide return dispersion and increasing M&A activity in healthcare may favor selected winners.

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image for news 3 Best Healthcare Stocks: Quant Strong Buys From Goldman's 'Alpha' List
Incyte Corporation (INCY) Presents at Guggenheim Securities 2nd Annual Healthcare Innovation Conference Transcript
INCY
Published: November 10, 2025 by: Seeking Alpha
Sentiment: Neutral

Incyte Corporation ( INCY ) Guggenheim Securities 2nd Annual Healthcare Innovation Conference November 10, 2025 10:00 AM EST Company Participants William Meury - CEO, President & Director Pablo Cagnoni - President and Head of Research & Development Conference Call Participants Michael Schmidt - Guggenheim Securities, LLC, Research Division Presentation Michael Schmidt Guggenheim Securities, LLC, Research Division All right. So welcome to this fireside chat with Incyte.

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image for news Incyte Corporation (INCY) Presents at Guggenheim Securities 2nd Annual Healthcare Innovation Conference Transcript
Incyte's Moments of Clarity Program Expands to Highlight Powerful Patient Stories in Vitiligo and Pediatric Eczema
INCY
Published: November 06, 2025 by: Business Wire
Sentiment: Neutral

WILMINGTON, Del.--(BUSINESS WIRE)--Incyte's Moments of Clarity Program Expands to Highlight Powerful Patient Stories in Vitiligo and Pediatric Eczema.

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image for news Incyte's Moments of Clarity Program Expands to Highlight Powerful Patient Stories in Vitiligo and Pediatric Eczema
Top Biotech Stocks Riding The Rally
CTMX, GRAL, GRFS, INCY
Published: November 04, 2025 by: Seeking Alpha
Sentiment: Positive

Biotech stocks have rebounded after years of underperformance but remain well below their 2021 highs. Successful drug launches, strong trial results, and falling interest rates have boosted stock prices, while M&A activity pushes valuations higher. The biotech rally could be sustainable, analysts say, with biotech firms more disciplined and increasingly profitable, while startups avoid launching premature IPOs.

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image for news Top Biotech Stocks Riding The Rally
Incyte Delivers Robust Growth, But 2028 Patent Expiry Still Looms
INCY
Published: October 28, 2025 by: Benzinga
Sentiment: Positive

Incyte Corporation's (NASDAQ:INCY) third-quarter revenue was $1.37 billion. The company beat the consensus of $1.26 billion.

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image for news Incyte Delivers Robust Growth, But 2028 Patent Expiry Still Looms
INCY's Q3 Earnings & Revenues Beat Estimates on Higher Product Sales
INCY
Published: October 28, 2025 by: Zacks Investment Research
Sentiment: Positive

Incyte posts strong Q3 results as higher sales of Jakafi, Opzelura and new launches drive revenue and earnings beats.

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image for news INCY's Q3 Earnings & Revenues Beat Estimates on Higher Product Sales

About Incyte Corporation (INCY)

  • IPO Date 1993-11-04
  • Website https://www.incyte.com
  • Industry Biotechnology
  • CEO William Meury
  • Employees 2617

Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States and internationally. The company offers JAKAFI, a drug for the treatment of myelofibrosis and polycythemia vera; PEMAZYRE, a fibroblast growth factor receptor kinase inhibitor that act as oncogenic drivers in various liquid and solid tumor types; and ICLUSIG, a kinase inhibitor to treat chronic myeloid leukemia and philadelphia-chromosome positive acute lymphoblastic leukemia. Its clinical stage products include ruxolitinib, a steroid-refractory chronic graft-versus-host-diseases (GVHD); itacitinib, which is in Phase II/III clinical trial to treat naive chronic GVHD; and pemigatinib for treating bladder cancer, cholangiocarcinoma, myeloproliferative syndrome, and tumor agnostic. In addition, the company engages in developing Parsaclisib, which is in Phase II clinical trial for follicular lymphoma, marginal zone lymphoma, and mantel cell lymphoma. Additionally, it develops Retifanlimab that is in Phase II clinical trials for MSI-high endometrial cancer, merkel cell carcinoma, and anal cancer, as well as in Phase II clinical trials for patients with non-small cell lung cancer. It has collaboration agreements with Novartis International Pharmaceutical Ltd.; Eli Lilly and Company; Agenus Inc.; Calithera Biosciences, Inc; MacroGenics, Inc.; Merus N.V.; Syros Pharmaceuticals, Inc.; Innovent Biologics, Inc.; Zai Lab Limited; Cellenkos, Inc.; and Nimble Therapeutics, as well as clinical collaborations with MorphoSys AG and Xencor, Inc. to investigate the combination of tafasitamab, plamotamab, and lenalidomide in patients with relapsed or refractory diffuse large B-cell lymphoma, and relapsed or refractory follicular lymphoma. The company was incorporated in 1991 and is headquartered in Wilmington, Delaware.