Alnylam Pharmaceuticals Inc

ALNY: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$993.00	Cptgn	Zfhvvbgj

Narrow-Moat Alnylam Reports Strong Q4 Results; We Maintain $199 FVE and See Shares as Fairly Valued

Rachel Elfman

Feb 28, 2023

Alnylam Pharmaceuticals reported solid fourth-quarter and full-year results highlighted by $894 million in global net product revenue in 2022, representing 35% growth over 2021. Alnylam’s results are largely tracking our forecasts, and we maintain our $199 fair value estimate. The stock is currently trading in 3-star territory, about 5% below our fair value estimate. We maintain our narrow economic moat rating and positive moat trend rating as well.

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