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Phathom Pharmaceuticals Inc has a consensus price target of $23.38 based on the ratings of 9 analysts. The high is $30 issued by BMO Capital on March 1, 2023. The low is $12 issued by Goldman Sachs on August 9, 2024. The 3 most-recent analyst ratings were released by Needham, Needham, and HC Wainwright & Co. on August 23, 2024, August 19, 2024, and August 12, 2024, respectively. With an average price target of $26.67 between Needham, Needham, and HC Wainwright & Co., there's an implied 97.24% upside for Phathom Pharmaceuticals Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Phathom Pharmaceuticals (NASDAQ:PHAT) was reported by Needham on August 23, 2024. The analyst firm set a price target for $26.00 expecting PHAT to rise to within 12 months (a possible 92.31% upside). 42 analyst firms have reported ratings in the last year.
The latest analyst rating for Phathom Pharmaceuticals (NASDAQ:PHAT) was provided by Needham, and Phathom Pharmaceuticals reiterated their buy rating.
The last upgrade for Phathom Pharmaceuticals Inc happened on May 11, 2023 when Evercore ISI Group raised their price target to N/A. Evercore ISI Group previously had an in-line for Phathom Pharmaceuticals Inc.
The last downgrade for Phathom Pharmaceuticals Inc happened on May 6, 2022 when Evercore ISI Group changed their price target from N/A to N/A for Phathom Pharmaceuticals Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Phathom Pharmaceuticals, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Phathom Pharmaceuticals was filed on August 23, 2024 so you should expect the next rating to be made available sometime around August 23, 2025.
While ratings are subjective and will change, the latest Phathom Pharmaceuticals (PHAT) rating was a reiterated with a price target of $26.00 to $26.00. The current price Phathom Pharmaceuticals (PHAT) is trading at is $13.52, which is out of the analyst’s predicted range.
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