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Model output · Signal date 2026-10-16

Ionis Pharmaceuticals Inc (IONS) Stock Forecast Oct. 16, 2026

Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq

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Rating · 90D ▲ Bullish Exact rating locked
90-day forecast Sign up free to reveal
30-day forecast Alpha
Rank in coverage Top 35% of 5172 stocks scored
Rank correlation · 90D 40.0% Spearman, 357 dates
Market Cap $7.14B mid-cap · #41 of 60 peers
Summary

Ionis Pharmaceuticals Inc (IONS) stock forecast summary

Our AI ranks Ionis Pharmaceuticals Inc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

Ionis Pharmaceuticals Inc is a mid-cap company with a market capitalization of $7.14B. It ranks number 41 by market capitalization among the 60 Pharmaceutical Preparations issuers in our coverage with a current forecast.

For IONS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 40.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)

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Price

IONS price chart and AI forecast

IONS
Cross-section · 2026-10-16

How IONS ranks among 5172 stocks

90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-06-30

Ionis Pharmaceuticals Inc (IONS) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Pharmaceutical Preparations peers listed below that report each metric.

Valuation & Market

MetricIONSIndustry medianRank
Market Cap $7.14B $11.72B 41/60
P/B Ratio 16.23x 7.27x 11/42
EPS $-3.77 – –
Book Value/Share $2.65 – –
Revenue/Share $1.60 – –
FCF/Share $-3.37 – –

Profitability & Margins

MetricIONSIndustry medianRank
ROE -128.5% 7.7% 33/38
ROA -18.9% 2.1% 32/43
ROIC -22.2% 2.3% 34/46
Gross Margin 94.0% 82.0% 5/35
Operating Margin -224.0% 12.4% 35/39
Net Margin -213.0% 8.3% 31/35
EBT Margin -211.8% 12.5% 42/46
Tax Rate -0.6% – –

Financial Health

MetricIONSIndustry medianRank
Current Ratio 7.89x 3.08x 15/59
Quick Ratio 7.73x 1.44x 2/43
D/E Ratio 5.81x 1.23x 3/48
Financial Leverage 6.81x 2.09x 3/48
Interest Coverage -22.1x 1.1x 29/36
Working Capital $2.18B $877M 18/59

Cash Flow

MetricIONSIndustry medianRank
Operating Cash Flow -$496M $166M 56/59
Free Cash Flow -$561M $148M 47/50
Capital Spending -$64M -$55M 26/50
FCF/Sales -211.4% 16.8% 39/42
CapEx/Sales 24.3% 2.6% 4/42

Operational Efficiency

MetricIONSIndustry medianRank
Asset Turnover 0.09x 0.49x 37/40
Inventory Turnover 0.3x 1.7x 34/35
Fixed Assets Turnover 1.7x 7.6x 37/41
Days Inventory 1158 days 212 days 2/35
Payables Period 1087 days 155 days 1/25

Income Statement

MetricIONSIndustry medianRank
Total Revenue $265M $2.83B 41/46
Operating Income -$594M $93M 47/51
Net Income -$565M $28M 39/46
SG&A Expense $528M $1.34B 34/40
Cost of Goods Sold $16M $1.83B 34/36

Dividend & Shareholder Information

MetricIONSIndustry medianRank
Shares Outstanding 166M – –

Balance Sheet Highlights (USD millions)

Total Current Assets$2.49B83.2% of assets
Cash & Short-term Investments$350M11.7% of assets
Inventory$51M1.7% of assets
Total Liabilities$2.55B85.3% of assets
Short-term Debt$268M8.9% of assets
Quarterly Financial Reports

IONS quarterly financials and insider trading

Industry Peers · Pharmaceutical Preparations

Ionis Pharmaceuticals Inc (IONS) industry peers

Companies classified under the same SEC industry code as Ionis Pharmaceuticals Inc (Pharmaceutical Preparations): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Alpha) Market Cap P/E Ratio P/B Ratio
IONS Ionis Pharmaceuticals Inc ▲ $7.14B – 16.2x
LLY Eli Lilly & Co ▶ $1.18T 42.2x 120.4x
JNJ Johnson & Johnson ▼ $615.87B 29.7x 7.3x
ABBV Abbvie Inc. ▶ $504.46B 73.8x –
MRK Merck & Co., Inc. ▲ $360.08B 116.8x 8.6x
NVS Novartis Ag ▼ $287.41B 9.0x –
AZN Astrazeneca Plc ▼ $256.39B 11.9x –
ABT Abbott Laboratories ▼ $182.37B 29.4x 3.5x
NVO Novo Nordisk A S ▼ $172.56B 2.9x –
PFE Pfizer Inc ▶ $168.60B 36.5x 2.0x
VRTX Vertex Pharmaceuticals Inc / Ma ▶ $126.66B 29.1x 6.3x
BMY Bristol Myers Squibb Co ▶ $122.05B 13.1x 5.5x
GSK Gsk Plc ▼ $100.46B 5.5x –
SNY Sanofi ▼ $100.12B – –
REGN Regeneron Pharmaceuticals, Inc. ▶ $81.76B 19.6x 2.6x
TAK Takeda Pharmaceutical Co Ltd ▼ $61.45B 5.9x –
TEVA Teva Pharmaceutical Industries Ltd ▼ $48.36B 86.5x 6.2x
ONC Beone Medicines Ltd. ▲ $41.96B 1272.7x 8.1x
ZTS Zoetis Inc. ▼ $32.80B 13.1x 10.4x
ALNY Alnylam Pharmaceuticals, Inc. ▶ $31.02B 58.3x 22.9x
RPRX Royalty Pharma Plc ▶ $26.88B 34.8x 3.9x
ROIV Roivant Sciences Ltd. ▲ $24.22B – 5.7x
GMAB Genmab A/S ▲ $23.80B 1.5x –
UTHR United Therapeutics Corp ▶ $22.87B 19.1x 3.6x
VTRS Viatris Inc ▼ $21.43B – –
INSM Insmed Inc ▶ $21.02B – 27.8x
ASND Ascendis Pharma A/S ▲ $14.85B – –
JAZZ Jazz Pharmaceuticals Plc ▼ $13.65B 14.4x 2.8x
BBIO Bridgebio Pharma, Inc. ▶ $12.98B – –
CORT Corcept Therapeutics Inc ▲ $11.91B 123.8x 16.9x
ELAN Elanco Animal Health Inc ▼ $11.77B – 1.8x
SMMT Summit Therapeutics Inc. ▶ $11.67B – 18.5x
RDY Dr Reddys Laboratories Ltd ▼ $10.91B 14.4x –
BMRN Biomarin Pharmaceutical Inc ▶ $10.58B 68.4x 1.7x
MDGL Madrigal Pharmaceuticals, Inc. ▶ $10.39B – 19.8x
CYTK Cytokinetics Inc ▲ $8.61B – –
TGTX Tg Therapeutics, Inc. ▲ $8.56B 20.4x 14.2x
PTGX Protagonist Therapeutics, Inc ▶ $8.33B 163.0x 9.9x
AXSM Axsome Therapeutics, Inc. ▲ $8.23B – 98.8x
ARWR Arrowhead Pharmaceuticals, Inc. ▲ $7.90B – 17.0x
ABVX Abivax S.A. ▼ $7.74B – –
SYRE Spyre Therapeutics, Inc. ▲ $7.05B – 6.4x
ALKS Alkermes Plc. ▲ $6.92B 45.3x 3.8x
PRAX Praxis Precision Medicines, Inc. ▲ $6.75B – 5.0x
KNSA Kiniksa Pharmaceuticals International, Plc ▶ $6.13B 86.4x 10.1x
AMRX Amneal Pharmaceuticals, Inc. ▲ $6.13B 58.1x –
RYTM Rhythm Pharmaceuticals, Inc. ▲ $5.93B – 57.6x
LGND Ligand Pharmaceuticals Inc ▶ $5.89B 28.6x 6.1x
BLTE Belite Bio, Inc ▲ $5.62B – 7.3x
MIRM Mirum Pharmaceuticals, Inc. ▲ $5.20B – –
COGT Cogent Biosciences, Inc. ▶ $5.12B – 9.6x
PTCT Ptc Therapeutics, Inc. ▲ $4.94B – –
ORKA Oruka Therapeutics, Inc. ▲ $4.76B – 4.3x
ERAS Erasca, Inc. ▲ $4.68B – 12.9x
MANE Veradermics, Inc ▲ $4.55B – 5.6x
TVTX Travere Therapeutics, Inc. ▲ $4.44B – 181.0x
EWTX Edgewise Therapeutics, Inc. ▲ $4.04B – 9.0x
DNTH Dianthus Therapeutics, Inc. /De/ ▲ $4.03B – 3.4x
INDV Indivior Pharmaceuticals, Inc. ▶ $3.83B 13.1x –
TNGX Tango Therapeutics, Inc. ▲ $3.72B – 3.6x

Where IONS sits on the market map

Life Sciences · Pharmaceutical Preparations
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News

Ionis Pharmaceuticals Inc (IONS) stock news

source: Seeking Alpha

Ionis Pharmaceuticals, Inc. is currently listed on NASDAQ under IONS. One share of IONS stock can currently be purchased for approximately $42.38. Is Ionis Pharmaceuticals, Inc. listed on the NASDAQ ...

Fintel reports that on October 15, 2026, UBS upgraded their outlook for Ionis Pharmaceuticals (NASDAQGS:IONS) (LSE:0JDI) from Neutral to Buy. Prior to this rating action, the stock closed at $42.70 on ...

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FAQ

Ionis Pharmaceuticals Inc (IONS) stock forecast FAQ

What is the Ionis Pharmaceuticals Inc (IONS) stock forecast?

Our AI ranks Ionis Pharmaceuticals Inc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

How accurate are Ionis Pharmaceuticals Inc stock predictions?

For IONS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 40.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Ionis Pharmaceuticals Inc forecasts updated?

Ionis Pharmaceuticals Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.

Which companies are Ionis Pharmaceuticals Inc's industry peers?

60 issuers in our coverage, IONS included, share the SEC industry code Pharmaceutical Preparations. The largest are: Eli Lilly & Co (LLY), Johnson & Johnson (JNJ), Abbvie Inc. (ABBV), Merck & Co., Inc. (MRK), Novartis Ag (NVS), Astrazeneca Plc (AZN).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.