Indivior Successfully Transitions in 2025, Accelerates Growth in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Should l Buy INDV?
"2025 was a transition year for Indivior in which we established the Indivior Action Agenda and completed Phase I - Generate Momentum - by growing U.S. SUBLOCADE net revenue, simplifying the organization and transforming our operating model," said Joe Ciaffoni, Chief Executive Officer. "We enter 2026 well positioned to execute on Phase II - Accelerate - which includes accelerating U.S. SUBLOCADE dispense unit growth and SUBLOCADE net revenue throughout 2026 and immediately accelerating adjusted EBITDA and cash flow at a faster rate."
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Analyst Views on INDV
Wall Street analysts forecast INDV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INDV is 38.00 USD with a low forecast of 35.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 34.450
Low
35.00
Averages
38.00
High
41.00
Current: 34.450
Low
35.00
Averages
38.00
High
41.00
About INDV
Indivior PLC is a global pharmaceutical company engaged in developing medicines to treat substance-use disorders (SUD). The Company provides treatment for addiction, including SUBLOCADE (buprenorphine extended-release) injection for subcutaneous use, a long-acting injectable (LAI) for opioid use disorder and OPVEE (Nalmefene) nasal spray for opioid overdose recovery. Its core products include SUBOXONE Film, SUBOXONE Tablet, SUBUTEX Tablet, OPVEE (nalmefene), and SUBLOCADE. SUBOXONE Film is a buprenorphine and naloxone sublingual film. SUBOXONE Tablet is a buprenorphine and naloxone sublingual tablet. SUBUTEX Tablet is a buprenorphine sublingual tablet. SUBOXONE Film, SUBOXONE Tablet, SUBUTEX Tablet, and SUBLOCADE are treatments for opioid use disorder (OUD). In addition to its commercially available products, its product pipeline includes two drug candidates for the treatment of OUD. The Company sells its products in the United States and in other selected areas of the world.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Short-Term Fluctuations: Indivior's recent stock price has declined by 0.20% in one day and 0.81% over the past week, indicating a reassessment by investors of the growth prospects and risks associated with the current share price of $35.44, which may impact short-term investor confidence.
- Long-Term Returns: Despite the recent downturn, Indivior has achieved a 49.03% return over the past 90 days and a total shareholder return of 199.07% over the past year, suggesting strong long-term investment value that continues to attract attention.
- Valuation Analysis: With a P/E ratio of 35.7x, Indivior is slightly below the peer average of 36.1x but significantly above the broader pharmaceuticals industry at 19.7x, indicating a premium attached to its earnings profile that could influence future investment decisions.
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- Reduction Action: Stonepine Capital reduced its Indivior stake by 250,000 shares in Q3, leading to a valuation drop of approximately $2.75 million, indicating a cautious outlook on the company's future performance.
- Position Change: As of September 30, Stonepine held 100,000 shares of Indivior valued at $2.41 million, with its stake percentage decreasing from 5.06% to 1.96%, reflecting diminished confidence in the stock.
- Performance Metrics: Indivior reported $314 million in revenue for Q3, with SUBLOCADE sales increasing 15% year-over-year to $219 million, driving a 14% rise in adjusted EBITDA to $120 million, showcasing improved operational momentum.
- Future Guidance: Indivior's management raised its full-year 2025 revenue guidance sharply to $1.18 billion to $1.22 billion and plans to save at least $150 million in annual operating expenses starting next year, demonstrating a strategic commitment to cost discipline and sustained growth.
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- Share Reduction: Stonepine Capital Management sold 250,000 shares of Indivior PLC in Q3, reducing its position value by approximately $2.75 million, bringing its holdings down to 100,000 shares worth $2.41 million, reflecting a cautious approach amid market volatility.
- Position Percentage Decline: Following this sale, Indivior now represents only 1.96% of Stonepine's reportable AUM, down significantly from 5.06% in the previous quarter, indicating a strategic reallocation of the investment portfolio.
- Performance Highlights: Indivior reported $314 million in revenue for Q3, with SUBLOCADE sales increasing 15% year-over-year to $219 million, driving a 14% rise in adjusted EBITDA to $120 million, suggesting improving fundamentals for the company.
- Future Outlook: Indivior's management raised its full-year 2025 revenue guidance to between $1.18 billion and $1.22 billion, while also planning to achieve at least $150 million in annual operating expense savings starting next year, demonstrating confidence in sustained growth prospects.
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- Market Recognition: Indivior PLC's addition to the S&P SmallCap 600 Index today signifies a substantial enhancement in the company's recognition within capital markets, aligning its presence with its refined U.S. business profile.
- Commitment to Growth: CEO Joe Ciaffoni emphasized the company's dedication to expanding the market share of SUBLOCADE®, its leading first-in-class long-acting injectable treatment for moderate to severe opioid use disorder, which is expected to drive future revenue growth.
- Index Background: The S&P SmallCap 600 Index comprises 600 companies with market capitalizations between $1.2 billion and $8.0 billion, designed to track liquid and financially viable small-cap firms, and Indivior's inclusion is likely to bolster investor confidence.
- Strategic Transformation: By leveraging a simplified operating model, Indivior aims to capitalize on its newly acquired market position to further innovate and develop in the opioid use disorder treatment sector.
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