Ionis Pharmaceuticals, Inc.

Ionis Pharmaceuticals, Inc.

IONSยทNASDAQ

$73.82

+1.2%
HealthcareBiotechnology

Ionis Pharmaceuticals, Inc. discovers and develops RNA-targeted therapeutics in the United States. The company offers SPINRAZA for spinal muscular atrophy (SMA) in pediatric and adult patients; TEGSEDI, an injection for the treatment of polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults; and WAYLIVRA, a treatment for familial chylomicronemia syndrome and familial partial lipodystrophy. It also develops medicines for various indications that are in phase 3 study, including Eplontersen as a monthly self-administered subcutaneous injection to treat all types of TTR amyloidosis; Olezarsen for patients with severe hypertriglyceridemia (SHTG); Donidalorsen for patients with hereditary angioedema; ION363 for patients with amyotrophic lateral sclerosis; Pelacarsen for patients with established cardiovascular disease and elevated lipoprotein(a); and Tofersen to inhibit the production of superoxide dismutase 1. In addition, the company develops medicines for metabolic diseases, infectious diseases, renal diseases, ophthalmic diseases, and cancer. It has a strategic collaboration with Biogen Inc.; and collaboration and license agreement with AstraZeneca, Bayer AG, GlaxoSmithKline plc, Novartis AG, Roche, Janssen Biotech, Inc., and Flamingo Therapeutics, Inc. Ionis Pharmaceuticals, Inc. was founded in 1989 and is based in Carlsbad, California.

At a Glance

Live Snapshot
Market Cap$12.20B
EPS-2.3800
P/E Ratio-33.22
Earnings Date07/29/2026
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Ionis Pharmaceuticals, Inc. Street Expectations Map

IONS ยท NASDAQ

Wall Street analysts project that IONS stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 107.27, with estimates ranging from a low of 87.00 to a high of 130.00.

Lowest Target
87.00
17.85%
Consensus Target
107.27
45.31%
Highest Target
130.00
76.10%

The consensus 1-year price target stands at 107.27, with estimates ranging from a low of 87.00 to a high of 130.00.

Analyst Consensus Analysis

Upside Potential

+45.3%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

40.1% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Ionis Pharmaceuticals, Inc. Forward Estimates of Revenue

IONS ยท NASDAQ
Latest Revenue
944.00M
FY 2025
Avg Estimate
911.75M
FY 2026
Estimate Range
731.50M - 1.05B
Analyst Spread

Forward Growth Analysis

Projected Growth-3.4%

Declining expectations indicate headwindsโ€”investigate whether temporary or structural issues.

Analyst Coverage15 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread35%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

Key Insight

Declining estimates with wide disagreement: Analysts projecting contraction without consensus signals significant business uncertaintyโ€”exercise caution.

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Ionis Pharmaceuticals, Inc. Forward Estimates of Net Income

IONS ยท NASDAQ
Latest Net Income
-381.00M
FY 2025
Avg Estimate
-477.58M
FY 2026
Estimate Range
-680.43M - -257.51M
Analyst Spread

Forward Growth Analysis

Projected Growth-25.3%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage15 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread89%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

Key Insight

Declining estimates with wide disagreement: Analysts projecting contraction without consensus signals significant business uncertaintyโ€”exercise caution.

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Ionis Pharmaceuticals, Inc. Forward Estimates of EPS

IONS ยท NASDAQ
Latest EPS
-2.38
FY 2025
Avg Estimate
$-3.15
FY 2026
Estimate Range
$-4.55 - $-1.72
Analyst Spread

Forward Growth Analysis

Projected Growth-32.3%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage10 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread90%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookCautious

Analyst skepticism evidentโ€”carefully evaluate risks before investment decisions.

Key Insight

Declining estimates with wide disagreement: Analysts projecting contraction without consensus signals significant business uncertaintyโ€”exercise caution.

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Ionis Pharmaceuticals, Inc. Forward Estimates of EBIT

IONS ยท NASDAQ
Latest EBIT
-307.00M
FY 2025
Avg Estimate
-272.21M
FY 2026
Estimate Range
-314.48M - -218.39M
Analyst Spread

Forward Growth Analysis

Projected Growth+11.3%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage15 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread35%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Well-supported growth expectations: Strong analyst coverage combined with positive growth projections provides confidence in forward outlook.

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Ionis Pharmaceuticals, Inc. Forward Estimates of EBITDA

IONS ยท NASDAQ
Latest EBITDA
-286.75M
FY 2025
Avg Estimate
-245.76M
FY 2026
Estimate Range
-283.92M - -197.17M
Analyst Spread

Forward Growth Analysis

Projected Growth+14.3%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage15 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread35%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Well-supported growth expectations: Strong analyst coverage combined with positive growth projections provides confidence in forward outlook.

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Ionis Pharmaceuticals, Inc. Forward Estimates of SG&A Expense

IONS ยท NASDAQ
Latest SG&A Expense
394.00M
FY 2025
Avg Estimate
291.20M
FY 2026
Estimate Range
233.63M - 336.42M
Analyst Spread

Forward Growth Analysis

Projected Growth-26.1%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage15 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread35%

Wide estimate range reveals significant forecast uncertainty and potential volatility.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

Key Insight

Declining estimates with wide disagreement: Analysts projecting contraction without consensus signals significant business uncertaintyโ€”exercise caution.

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Ionis Pharmaceuticals, Inc. Insider Positioning

IONS ยท NASDAQ

During the last 12 months, insiders have sold $90.10M worth of IONS shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

318.3K

23.32M

Net Activity

-23.3M

-$23.32M

3-6 Months

Bought

0

0.00

Sold

195.2K

16.12M

Net Activity

-16.1M

-$16.12M

6-9 Months

Bought

0

0.00

Sold

443.9K

31.03M

Net Activity

-31.0M

-$31.03M

9-12 Months

Bought

0

0.00

Sold

339.9K

19.62M

Net Activity

-19.6M

-$19.62M

Top Buyers

No buying activity

Top Sellers

1
HEL

Hougen Elizabeth L

Officer: Evp, Finance & Cfo

262.4K sharesโ€ข3 transactions

$18.71M

2
MBP

Monia Brett P

Director, Officer: Chief Executive Officer

160.7K sharesโ€ข8 transactions

$11.92M

3
OPR

O'Neil Patrick R.

Officer: Evp Clo & General Counsel

150.4K sharesโ€ข9 transactions

$9.58M

4
GRS

Geary Richard S

Officer: Evp, Chief Development Officer

117.9K sharesโ€ข7 transactions

$7.72M

5
LJ

Loscalzo Joseph

Director

92.5K sharesโ€ข5 transactions

$6.70M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $90.10M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$23.32M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.