What exactly did UBS change on February 24, 2026 for GLPG analyst rating?

UBS did not change its view. On February 24, 2026 UBS maintained **Market Perform** on Galapagos N.V. The note included no new price target and signaled a neutral outlook pending clearer catalysts.

Does the UBS action count as a GLPG upgrade or GLPG downgrade?

No. UBS issued a maintenance, not an upgrade or downgrade. Maintaining Market Perform is a neutral stance, distinct from a GLPG upgrade or GLPG downgrade that would imply a directional view change.

How should investors interpret the GLPG analyst rating when planning trades?

Treat the maintained Market Perform as cautionary. For longer investors, focus on pipeline milestones and partnerships. Short‑term traders should await clearer catalysts. Align position sizes with the firm’s neutral view and your risk tolerance.

Where can I read the analyst commentary that accompanied the UBS note?

StreetInsider carried related coverage quoting Raymond James, which complements UBS’s note. Read the StreetInsider report [here](https://www.streetinsider.com/Analyst+Comments/Raymond+James+on+Galapagos+NV+%28GLPG%29%3A+%27we+are+constructive+on+the+potential+for+meaningful+business+development%27/2

Analyst Ratings

UBS Maintains Market Perform on Galapagos N.V. (GLPG) Feb 24, 2026

ByHuzaifa Zahoor February 25, 2026February 25, 2026

UBS maintained Galapagos N.V. (GLPG) at Market Perform on February 24, 2026, updating the GLPG analyst rating. This note arrived alongside StreetInsider coverage that quoted Raymond James commentary on the company’s development potential. UBS left the stock steady without a new price target, while the share movement showed a -1.62% (-$0.56) change around the bulletin. Investors should read the rating as a neutral stance that prioritizes caution over near-term upside.