• In the past week, Apellis Pharmaceuticals received heightened attention as Wells Fargo issued an analyst upgrade reflecting a stronger outlook, and the company announced its upcoming third-quarter 2025 financial results call, following a conference presentation at the Eyecelerator event in Orlando featuring its Chief Medical Officer.
• An important insight is that Apellis is seeing growing analyst consensus backing its business direction, as evidenced by the majority of 21 brokerage firms presently rating the company as "Outperform."
• We'll explore how rising analyst confidence, spotlighted by Wells Fargo's upgrade, could influence Apellis Pharmaceuticals' investment narrative and outlook.

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Apellis Pharmaceuticals Investment Narrative Recap

For investors to feel comfortable holding Apellis Pharmaceuticals, belief in the company’s ability to expand its pipeline and successfully grow adoption of SYFOVRE as well as secure further label expansions for EMPAVELI is key. While the Wells Fargo upgrade and growing analyst optimism contribute positively to sentiment, neither event appears to have a material impact on the company’s most immediate catalyst, ongoing adoption of SYFOVRE in geographic atrophy, or the central risk that slow uptake or greater reliance on free drug programs could compress near-term revenues. Among recent developments, the announcement of Apellis’s third-quarter 2025 financial results call stands out as directly relevant. Investors will be looking for updates on revenue growth, operating expenses, and further signs of adoption and market share expansion, which are central to confirming whether current positive sentiment is being matched by business performance. In contrast, investors should be mindful of the ongoing risk that net revenue may come under pressure if...

Apellis Pharmaceuticals is expected to reach $1.2 billion in revenue and $130.6 million in earnings by 2028. This outlook is based on a projected 16.9% annual revenue growth and an earnings increase of $358.8 million from current earnings of -$228.2 million.

Uncover how Apellis Pharmaceuticals' forecasts yield a $37.47 fair value, a 53% upside to its current price.

Exploring Other Perspectives

Three individual fair value estimates from the Simply Wall St Community range from US$37.47 to US$92.77 per share, reflecting widely differing views of Apellis’s potential. Many are focused on revenue expansion and adoption challenges, underlining how future earnings growth may hinge on market share gains.

Explore 3 other fair value estimates on Apellis Pharmaceuticals - why the stock might be worth over 3x more than the current price!

Build Your Own Apellis Pharmaceuticals Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Apellis Pharmaceuticals research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Apellis Pharmaceuticals research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Apellis Pharmaceuticals' overall financial health at a glance.

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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.