Merck's Recent Commentary Signals 'Modest' 2027 Growth, RBC Says

10:54 AM EDT, 10/12/2026 (MT Newswires) -- Merck's (MRK) recent commentary suggests "'modest" 2027 growth in the backdrop of elevated investments, including higher operating expenditures, RBC Capital Markets analysts said in a Monday note. The company is scheduled to report Q3 financial results on Oct. 29. For Q3, RBC projects Merck adjusted earnings per share of $2.12, compared with a FactSet consensus estimate of $2.11. Analysts said that Keytruda US growth in Q3 continued at a more moderate pace as it neared peak penetration in core tumor types. RBC said that Gardasil should benefit from typical back-to-school seasonal demand in Q3. Analysts said the European Society for Medical Oncology event will be a key catalyst for Merck stock, as the company is set to report data from its melanoma study. RBC retained a sector perform rating but lowered its price target to $145 per share from $150. Price: 145.00, Change: -0.60, Percent Change: -0.42