Barclays initiated coverage on Gilead Sciences (GILD) with an Equal Weight rating and a $155 price target, acknowledging the company’s refocus on infectious disease treatments. While recognizing Gilead’s strengths, Barclays believes its current valuation is “rich.” This comes as Gilead’s 2026 financial outlook, particularly for its HIV prevention injection Yeztugo, fell slightly below analyst expectations despite exceeding Q4 sales estimates.
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Barclays Takes Neutral Stance on Gilead Sciences (GILD) Despite Strategic Refocus
Barclays initiated coverage on Gilead Sciences (GILD) with an Equal Weight rating and a $155 price target, acknowledging the company’s refocus on infectious disease treatments. While recognizing Gilead’s strengths, Barclays believes its current valuation is “rich.” This comes as Gilead’s 2026 financial outlook, particularly for its HIV prevention injection Yeztugo, fell slightly below analyst expectations despite exceeding Q4 sales estimates.