Revenues, Treatment Pipeline Driving Exelixis Higher

EXEL designs advanced medicines and regimens to battle cancer. Its product portfolio focuses on an expanding range of tumors, with EXEL treatments proving to be leaders against renal cell carcinoma. Some recent favorable regulatory rulings also have the company’s pipeline looking more attractive from a future sales perspective.

EXEL’s third-quarter results for fiscal 2024 saw revenue of $539.5 million and updated annual revenue guidance of up to $2.2 billion. The company’s cabozantinib treatment drove much of the revenue jump, providing $478.1 million. That could continue after a favorable regulatory ruling could extend the drug’s revenue potential into the next decade.

It’s no wonder EXEL shares are up over 62% in a year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Exelixis Shares Being Bought

Institutional volumes reveal plenty. Recently, EXEL has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in EXEL shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of health care names are under accumulation right now. But there’s a powerful fundamental story happening with Exelixis.

Exelixis Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, EXEL has had strong sales and earnings growth:

• 3-year sales growth rate (+23.7%)
• 3-year earnings growth rate (+31.6%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +11.4%.

Now it makes sense why the stock has been powering to new heights. EXEL has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Exelixis has been a top-rated stock at MAPsignals for years. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year. The blue bars below show when EXEL was a top pick…driving gains with time:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Exelixis Price Prediction

The EXEL rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in EXEL at the time of publication.

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