Amarin Corp Plc (AMRN)

[JRoon71]

Do you have any reasoning or formula behind this? I see people mention "$5" as a target all the time with regards to AMRN. But I don't understand the logic.

$5 = $2B MC

$2B suggest roughly $400M in annual revenues, at a very conservative 3.5x revenue multiple. So, by suggesting $5, you are saying that there will be zero revenue growth from where we are, which is illogical, unless everything completely falls apart for some reason.

And this doesn't even consider the $300M cash, the hundreds of millions in inventory, the huge capital tax loss carryforward, zero debt, and any positive developments from BRAVE, other studies, the future value of the FDC, the new formulation (MND-2119), and any potential positive litigation outcomes.

I'm as skeptical as anyone on this journey, but we have to at least apply some logic to our price targets.

Still I think $5 is a reasonable target