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The Goldman Sachs Group Forecasts Strong Price Appreciation for Biogen (NASDAQ:BIIB) Stock
The Goldman Sachs Group has raised its price target for Biogen (NASDAQ:BIIB) to $238 from $231, maintaining a “buy” rating and suggesting a nearly 29% upside. This comes after Biogen beat quarterly earnings estimates, though its revenue was down year-over-year. Despite the positive outlook from Goldman Sachs and some other analysts, the average target price across all analysts remains lower at $211.81 with a consensus “Hold” rating.