The CSL share price leapt higher in May. What's next?

We check the latest on the ASX biotech giant and what may lie ahead.

| More on:
A group of medical researchers stands side by side with each other wearing white coats in their research laboratory with scientific equipment in the background.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • CSL shares climbed higher in May
  • The biotechnology company performed better than the wider healthcare sector during the month
  • Analysts are positive on the outlook for the CSL share price

The CSL Ltd (ASX: CSL) share price forged ahead in May, but could it go even higher in the future?

CSL shares rose nearly 2% from $300.58 each at market close on 28 April to $306.39 apiece at market close on 31 May. In today's trade, the CSL share price is up a further 1.21% to $310.09 at the time of writing.

Let's take a look at what's been going on with the CSL share price.

How did May pan out?

CSL outperformed the S&P/ASX 200 Healthcare Index (ASX: XHJ) in May. The index rose just 0.06% during the month.

CSL delivered a shareholder briefing to the market on 29 May. CSL shares rose more than 1% on the day.

The company said it is the fifth-largest global biotechnology company in the world, currently ranking number one for protein therapies and number two for influenza vaccines.

CSL said it expects strong plasma collection and immunoglobin growth to continue. The company also sees untapped potential in its iron deficiency segment and predicts the renal market will grow at low double-digits in the mid-term.

CSL received positive broker coverage during May. The team at Morgan Stanley retained an overweight weighting and placed a $339 price target on the company's share price. This implies a 9.3% upside for CSL, based on the current share price.

In making the forecast, CSL noted one of its rivals has indicated plasma collection costs have fallen. This may be also a positive sign for CSL.

Looking ahead, UBS has also recently placed a $330 price target on CSL shares, as my Foolish colleague James reported recently.

The broker believes CSL is "well-positioned for growth" and has a strong development pipeline. The UBS price target implies an upside of 6.4% based on the current share price.

Share price snapshot

The CSL share price has jumped 13% in the past year.

Created with Highcharts 11.4.3CSL PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.com.au

This ASX healthcare share has a market capitalisation of more than $149 billion based on the latest share price.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor Monica O'Shea has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Healthcare Shares

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Healthcare Shares

Guess which ASX All Ords stock is rocketing 58% on big US news

What is getting investors excited today? Let's find out.

Read more »

Cropped shot of an attractive young female scientist working on her computer in the laboratory.
Healthcare Shares

3 reasons to buy this quality ASX 200 healthcare share today

A leading expert expects this outperforming ASX 200 healthcare share will keep running hot.

Read more »

A woman reclines in a comfortable chair while she donates blood holding a pumping toy in one hand and giving the thumbs up in the other as she is attached to a medical machine to collect her blood donation.
Healthcare Shares

Brokers tip 4 ASX 200 healthcare shares to buy now

Healthcare is a defensive sector that can provide useful cover for investors when the market is volatile.

Read more »

Shot of a scientist using a computer while conducting research in a laboratory.
Healthcare Shares

How Trump's tariffs have created 'upside potential' for CSL shares

A leading expert says CSL shares are now looking ‘cheap’.

Read more »

Shot of a young scientist looking stressed out while working on a computer in a lab.
Healthcare Shares

Telix shares crash 8% on US FDA blow

This high-flying stock has been hit with some bad news.

Read more »

A man wakes up happy with a smile on his face and arms outstretched.
Healthcare Shares

ResMed shares jump 8% on strong Q3 update

It was yet another strong quarter from this high-quality company.

Read more »

A woman jumps for joy with a rocket drawn on the wall behind her.
Healthcare Shares

Guess which ASX All Ords stock is up 10% on big news

This high-flying stock just can't stop rising. What's going on?

Read more »

Teamwork, planning and meeting with doctors and laptop for medical, review and healthcare. Medicine, technology and internet with group of people for collaboration, diversity and support in hospital
Healthcare Shares

Telix shares rocket 15% on stellar Q1 sales update

Let's see how the company performed during the three months.

Read more »