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Praxis Precision Medicine

PRAXNASDAQ
$58.65
0.440.76%
Last update: 10:54 AM
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$270.00
Lowest Price Target1
$4.00
Consensus Price Target1
$122.56

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Praxis Precision Medicine (NASDAQ:PRAX) Stock, Analyst Ratings, Price Targets, Forecasts

Praxis Precision Medicines Inc has a consensus price target of $122.56 based on the ratings of 10 analysts. The high is $270 issued by Piper Sandler on July 1, 2024. The low is $4 issued by B of A Securities on June 7, 2022. The 3 most-recent analyst ratings were released by Piper Sandler, Needham, and Guggenheim on July 1, 2024, June 24, 2024, and June 18, 2024, respectively. With an average price target of $190 between Piper Sandler, Needham, and Guggenheim, there's an implied 223.96% upside for Praxis Precision Medicines Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
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Analyst Rating and Forecast
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Buy
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Analyst Firms Making Recommendations1

Piper Sandler
Needham
Guggenheim
Truist Securities
HC Wainwright & Co.

1calculated from analyst ratings

Analyst Ratings for Praxis Precision Medicine

Buy NowGet Alert
07/01/2024Buy Now360.36%Piper Sandler
Yasmeen Rahimi
$270 → $270MaintainsOverweightGet Alert
06/24/2024Buy Now147.23%Needham
Ami Fadia
→ $145Initiates → BuyGet Alert
06/18/2024Buy Now164.28%Guggenheim
Yatin Suneja
→ $155Initiates → BuyGet Alert
05/16/2024Buy Now155.75%Truist Securities
Joon Lee
$150 → $150MaintainsBuyGet Alert
05/14/2024Buy Now79.03%HC Wainwright & Co.
Douglas Tsao
→ $105ReiteratesBuy → BuyGet Alert
05/01/2024Buy Now99.49%Baird
Joel Beatty
→ $117Initiates → OutperformGet Alert
04/26/2024Buy Now79.03%HC Wainwright & Co.
Douglas Tsao
→ $105ReiteratesBuy → BuyGet Alert
03/26/2024Buy Now79.03%HC Wainwright & Co.
Douglas Tsao
→ $105ReiteratesBuy → BuyGet Alert
03/26/2024Buy Now118.24%Jefferies
Kambiz Yazdi
$75 → $128MaintainsBuyGet Alert
03/06/2024Buy Now79.03%HC Wainwright & Co.
Douglas Tsao
→ $105ReiteratesBuy → BuyGet Alert
01/12/2024Buy Now-50.55%Wedbush
Laura Chico
$16 → $29MaintainsNeutralGet Alert
12/05/2023Buy Now79.03%HC Wainwright & Co.
Douglas Tsao
→ $105ReiteratesBuy → BuyGet Alert
12/04/2023Buy Now155.75%Truist Securities
Joon Lee
→ $150ReiteratesBuy → BuyGet Alert
11/15/2023Buy Now-88.06%HC Wainwright & Co.
Douglas Tsao
→ $105ReiteratesBuy → BuyGet Alert
10/03/2023Buy Now-96.59%Wedbush
Laura Chico
→ $30ReiteratesNeutral → NeutralGet Alert
09/19/2023Buy Now-82.95%Truist Securities
Joon Lee
→ $150Initiates → BuyGet Alert
08/10/2023Buy Now-88.06%HC Wainwright & Co.
Douglas Tsao
$225 → $105MaintainsBuyGet Alert
08/09/2023Buy Now-74.42%HC Wainwright & Co.
Douglas Tsao
→ $225ReiteratesBuy → BuyGet Alert
06/20/2023Buy Now-96.59%Wedbush
Laura Chico
→ $30ReiteratesNeutral → NeutralGet Alert
06/12/2023Buy Now-74.42%HC Wainwright & Co.
Douglas Tsao
→ $225ReiteratesBuy → BuyGet Alert
06/02/2023Buy Now-93.18%Jefferies
Kambiz Yazdi
→ $60Initiates → BuyGet Alert
05/12/2023Buy Now-96.59%Wedbush
Laura Chico
→ $30Reiterates → NeutralGet Alert
05/12/2023Buy Now-74.42%HC Wainwright & Co.
Douglas Tsao
→ $225ReiteratesBuy → BuyGet Alert
04/14/2023Buy Now-72.72%HC Wainwright & Co.
Douglas Tsao
→ $240Reiterates → BuyGet Alert
03/06/2023Buy NowWilliam Blair
Myles Minter
DowngradeOutperform → Market PerformGet Alert
03/06/2023Buy Now-72.72%HC Wainwright & Co.
Douglas Tsao
→ $240Reiterates → BuyGet Alert
02/08/2023Buy Now-72.72%HC Wainwright & Co.
Douglas Tsao
→ $240Reiterates → BuyGet Alert
02/03/2023Buy Now-72.72%HC Wainwright & Co.
Douglas Tsao
→ $240Reiterates → BuyGet Alert
06/08/2022Buy Now-69.31%Piper Sandler
Yasmeen Rahimi
$975 → $270MaintainsOverweightGet Alert
06/07/2022Buy Now-82.95%HC Wainwright & Co.
Douglas Tsao
$720 → $150MaintainsBuyGet Alert
06/07/2022Buy Now-93.18%B of A Securities
Tazeen Ahmad
$390 → $60DowngradeBuy → NeutralGet Alert
12/16/2021Buy Now-18.16%HC Wainwright & Co.
Douglas Tsao
→ $720Initiates → BuyGet Alert
08/26/2021Buy Now-52.26%B of A Securities
Tazeen Ahmad
→ $420Initiates → BuyGet Alert

FAQ

Q

What is the target price for Praxis Precision Medicine (PRAX) stock?

A

The latest price target for Praxis Precision Medicine (NASDAQ:PRAX) was reported by Piper Sandler on July 1, 2024. The analyst firm set a price target for $270.00 expecting PRAX to rise to within 12 months (a possible 360.36% upside). 18 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Praxis Precision Medicine (PRAX)?

A

The latest analyst rating for Praxis Precision Medicine (NASDAQ:PRAX) was provided by Piper Sandler, and Praxis Precision Medicine maintained their overweight rating.

Q

When was the last upgrade for Praxis Precision Medicine (PRAX)?

A

There is no last upgrade for Praxis Precision Medicine

Q

When was the last downgrade for Praxis Precision Medicine (PRAX)?

A

The last downgrade for Praxis Precision Medicines Inc happened on March 6, 2023 when William Blair changed their price target from N/A to N/A for Praxis Precision Medicines Inc.

Q

When is the next analyst rating going to be posted or updated for Praxis Precision Medicine (PRAX)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Praxis Precision Medicine, 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 Praxis Precision Medicine was filed on July 1, 2024 so you should expect the next rating to be made available sometime around July 1, 2025.

Q

Is the Analyst Rating Praxis Precision Medicine (PRAX) correct?

A

While ratings are subjective and will change, the latest Praxis Precision Medicine (PRAX) rating was a maintained with a price target of $270.00 to $270.00. The current price Praxis Precision Medicine (PRAX) is trading at is $58.65, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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