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Stock Analysis
INCYTE CORPORATION (INCY)
INCY
INCY · Market data
119.52 -2.82%
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52W Range Position
81%
LOWMIDHIGH
Trend
Constructive
Momentum
Neutral
Updated: 2026-08-02 16:45 UTC
WOI Investment Thesis
Constructive
Confirmation improves above 129.93. Holding above 111.52 keeps the current thesis intact.
⚖️
Fundamentals
Strong / Positive
Price Structure
Constructive
Momentum
Neutral
×
Breakout Confirmation
Pending
Risk Level
Moderate
Analysis Scope
1Y Daily
Key Decision Levels
Hold Above
Structure remains valid above support.
111.52
Break Above
Confirmation improves above resistance.
129.93
🎯
Next Objective
Pattern-derived target if setup continues.
×
Thesis Break
Scenario weakens below invalidation.
Below 111.52
Recent Company Events
SEC VERIFIED
Latest material filings
JUL
28
Financial Results
HIGH
INCY reports financial results
On July 28, 2026 , Incyte Corporation issued a press release announcing financial results for its second fiscal quarter ended June 30, 2026.
8-K Filing SEC EDGAR
JUL
6
M&A
HIGH
Incyte Completes Acquisition of Vega Therapeutics, a Wholly Owned Subsidiary of Star Therapeutics, Expanding its Hematology Portfolio
Incyte (Nasdaq:INCY) announced today it has completed its acquisition of Vega Therapeutics, Inc., a wholly owned subsidiary of Star Therapeutics LLC.
8-K Filing SEC EDGAR
JUN
22
Legal / Regulatory
HIGH
INCY legal or regulatory update
Incyte Corporation (the “Company”) today announced that it has reached an agreement with the Centers for Medicare & Medicaid Services (“CMS”) to resolve the Company’s litigation related to the application of Medicaid rebate rules to Opzelura ® (ruxolitinib) cream.
8-K Filing SEC EDGAR
What's Driving INCY?
📈 Technical recovery is improving
Momentum is Neutral. Watch 129.93 for confirmation and 111.52 for structure risk.
💼 Business quality remains relevant
Fundamentals remain relevant. Check growth, profitability, cash flow and balance sheet quality.
⚠️ Key risk remains
losing 111.52 would weaken the current structure.
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Technical Signal
Technical Setup Active
An active technical structure is present. Use trigger, target, stop and watch levels for context.
Pattern
Triangle Compression / SYM / DOWN
State
Back Inside
Trigger
115.58
Risk / Invalid
103.75
Compression
94%
RSI(14)
55.2
How to read this setup
Active technical structure detected. Use the chart overlays, support, resistance and invalidation levels to manage confirmation and risk.
Price Chart
INCY — 1D Chart
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Valuation Snapshot (TTM)
Full valuation · Ratios use trailing twelve months
Updated 2026-07-31
Fair
Fair valuation
Strong quality metrics make the valuation look balanced rather than simply cheap.
Market Cap
$23.9B
Company size
EV
$40.3B
Debt-adjusted value
P/E
16.7
Low multiple
P/S
4.5
Balanced
P/B
4.3
Balanced
EV/Sales
7.5
Balanced
EV/EBIT
25.0
Reasonable
P/FCF
15.8
Low multiple
FCF Yield
6.33%
Cash return
Source: SEC TTM data via WOI valuation cache Not financial advice
Business Lens
Improving financial execution
Growth, profitability, cash flow and balance sheet quality remain broadly supportive.
Revenue Growth
Strong
Profitability
Positive
Cash Flow
Healthy
Balance Sheet
Strong
💵 Revenue
1.27B
↗ Strong
📈 Net Income
303.33M
↗ Positive
🧮 EPS (Basic)
1.52
↗ Positive
INCYTE CORPORATION