Fintel reports that on December 8, 2025, Mizuho upgraded their outlook for Incyte (NasdaqGS:INCY) from Neutral to Outperform.
Analyst Price Forecast Suggests 6.11% Downside
As of December 6, 2025, the average one-year price target for Incyte is $96.26/share. The forecasts range from a low of $70.70 to a high of $131.25. The average price target represents a decrease of 6.11% from its latest reported closing price of $102.52 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Incyte is 4,783MM, a decrease of 0.63%. The projected annual non-GAAP EPS is 7.94.
What is the Fund Sentiment?
There are 1,441 funds or institutions reporting positions in Incyte. This is an increase of 25 owner(s) or 1.77% in the last quarter. Average portfolio weight of all funds dedicated to INCY is 0.18%, an increase of 2.16%. Total shares owned by institutions increased in the last three months by 0.36% to 230,336K shares. 
The put/call ratio of INCY is 1.62, indicating a bearish outlook.
What are Other Shareholders Doing?
Baker Bros. Advisors holds 30,744K shares representing 15.66% ownership of the company. In its prior filing, the firm reported owning 30,743K shares , representing an increase of 0.00%. The firm decreased its portfolio allocation in INCY by 7.24% over the last quarter.
Dodge & Cox holds 13,932K shares representing 7.10% ownership of the company. In its prior filing, the firm reported owning 14,595K shares , representing a decrease of 4.76%. The firm increased its portfolio allocation in INCY by 14.16% over the last quarter.
DODGX - Dodge & Cox Stock Fund holds 9,433K shares representing 4.81% ownership of the company. In its prior filing, the firm reported owning 9,705K shares , representing a decrease of 2.88%. The firm increased its portfolio allocation in INCY by 6.07% over the last quarter.
Aqr Capital Management holds 7,924K shares representing 4.04% ownership of the company. In its prior filing, the firm reported owning 8,201K shares , representing a decrease of 3.51%. The firm decreased its portfolio allocation in INCY by 74.69% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,304K shares representing 2.70% ownership of the company. In its prior filing, the firm reported owning 5,200K shares , representing an increase of 1.96%. The firm increased its portfolio allocation in INCY by 2.35% over the last quarter.
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This story originally appeared on Fintel.
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