Rigel Pharmaceuticals (RIGL): Valuation Insights After Raised 2025 Guidance and Q3 Performance

Rigel Pharmaceuticals (RIGL) raised its 2025 revenue guidance to $285 million to $290 million after reporting strong third-quarter earnings and record net product sales. Investors are taking notice as the company signals confidence in its outlook.

See our latest analysis for Rigel Pharmaceuticals.

After lifting its guidance and reporting robust Q3 results, Rigel’s stock has shown powerful momentum, with a 22.4% one-month share price return and an impressive 103% share price surge year-to-date. The three-year total shareholder return stands out even more, compounding to over 350%, signaling lasting strength well beyond recent gains.

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With shares now trading nearly 40% below some analyst targets and robust momentum behind its growth story, is Rigel truly undervalued at current levels? Or are investors already factoring in all the future upside?

Most Popular Narrative: 22.5% Undervalued

Rigel Pharmaceuticals' most widely followed narrative puts its fair value at $45.40, well above the last close price of $35.19. This creates a compelling tension between consensus expectations and where the market is currently pricing the stock.

Upward revisions in sales guidance, particularly for total net product sales projected for 2025, indicate increased confidence in the company’s ability to capture market share and sustain momentum. Profitability metrics remain a focus, as improved cash flow and expanding profit margins contribute to a more favorable valuation for the stock.

Read the complete narrative.

Want a glimpse behind this significant valuation gap? Analysts are betting on powerful growth drivers and profit tailwinds, but the real surprises are their assumptions. Find out which future milestones and model tweaks are influencing that premium fair value. The details might challenge your expectations. Are you curious enough to see what the pros are projecting?

Result: Fair Value of $45.40 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, slowing sales momentum or increased competitive pressures could quickly challenge this bullish view. These factors could serve as catalysts for a shift in Rigel’s outlook.

Find out about the key risks to this Rigel Pharmaceuticals narrative.

Build Your Own Rigel Pharmaceuticals Narrative

If you see things differently or want to dig into the numbers yourself, you can shape your own narrative in just a few minutes. Do it your way.

A great starting point for your Rigel Pharmaceuticals research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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