ALNY +5.36% today · Analysis updated Nov 13, 2026, 4:46 PM ET

Why is Alnylam Pharmaceuticals, Inc. (ALNY) stock up today?

ALNY is trading near $165 on Nov 13 (high $168.33), up about 5% from the $156.65 close on Nov 12. Volume is about 3.6M shares, in line with recent days. The stock is still about 29% below its $232.40 close on Oct 28. It fell 25% on Oct 29 on 11.8M shares after Q3 results, when slowing US Amvuttra growth and a weaker outlook overshadowed in-line revenue. Truist and Bernstein downgraded the stock, and analysts including Citi, Goldman and UBS cut targets, though most remain at Buy. The company has since announced a $1B buyback, with about $500M planned by year-end. It reiterated 2026 net product revenue guidance of $4.7B-$5.1B and presented positive five-year HELIOS-B data. The stock closed at a one-year low of $151.64 on Nov 10, then rebounded on Nov 11 and again on Nov 13. It remains below its key moving averages. Upcoming ISA posters on Nov 16-18 include a comparison with acoramidis. The Chief Commercialization Officer is leaving, and the next hard test is Q4 results and 2027 guidance in February 2027. The rebound is encouraging but not yet a confirmed trend change.

News behind the analysis

About Alnylam Pharmaceuticals, Inc.

Healthcare · Biotechnology (RNAi therapeutics)

Alnylam Pharmaceuticals is a Cambridge, Massachusetts biotech that pioneered RNA interference (RNAi), a type of medicine that silences specific disease-causing genes. Its main drug, AMVUTTRA, treats ATTR amyloidosis, including the heart form (ATTR-CM). AMVUTTRA's ATTR-CM launch has turned Alnylam into a fast-growing commercial company with over $1 billion in quarterly product sales.

How it makes money

Most revenue comes from drug sales. The TTR franchise (AMVUTTRA plus the older drug ONPATTRO) brought in about $1.15 billion of roughly $1.46 billion in total Q3 2026 revenue, so around 80%. Two rare-disease drugs, GIVLAARI and OXLUMO, add roughly $140 million a quarter. Alnylam also earns royalties, mainly from Novartis's cholesterol drug Leqvio (about $95 million in Q3 2026), plus collaboration revenue from partners. Management's 2026 guidance is about $4.2–4.5 billion in TTR sales and about $4.7–5.1 billion in total product sales.

What usually moves ALNY

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This analysis is for informational purposes only and is not investment advice. Investing involves risk, including loss of principal.