"Based on early IMS data, it appears to be that GILD is likely to utterly annihilate 2014 consensus hepatitis C numbers," he writes.
"Utterly annihilate" -- those are strong words!
Yesterday, I showed you the most recent Sovaldi prescriptions numbers from IMS Health, suggesting strong, early demand for the new hepatitis C pill. Gilead's commercial launch is going very well.
Based on his models, Schoenebaum now believes Sovaldi could generate 2014 sales exceeding $5 billion, possibly as high as $7 billion. The current buyside consensus is $3.5 billion, he says.
What's this mean for Gilead shares?
"Stock could be going to $100 fast," says Schoenebaum.
Gilead opened Wednesday up 3% to $84 per share. The stock is off to a strong start in 2014:
GILD data by YCharts
-- Reported by Adam Feuerstein in Boston.
Follow Adam Feuerstein on Twitter.
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