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PTC Therapeutics Inc has a consensus price target of $47.65 based on the ratings of 21 analysts. The high is $71 issued by UBS on December 3, 2024. The low is $17 issued by Citigroup on October 27, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, Citigroup, and Goldman Sachs on December 13, 2024, December 4, 2024, and December 4, 2024, respectively. With an average price target of $47 between Morgan Stanley, Citigroup, and Goldman Sachs, there's an implied 1.51% upside for PTC Therapeutics Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for PTC Therapeutics (NASDAQ:PTCT) was reported by Morgan Stanley on December 13, 2024. The analyst firm set a price target for $67.00 expecting PTCT to rise to within 12 months (a possible 49.05% upside). 41 analyst firms have reported ratings in the last year.
The latest analyst rating for PTC Therapeutics (NASDAQ:PTCT) was provided by Morgan Stanley, and PTC Therapeutics upgraded their overweight rating.
The last upgrade for PTC Therapeutics Inc happened on December 13, 2024 when Morgan Stanley raised their price target to $67. Morgan Stanley previously had an equal-weight for PTC Therapeutics Inc.
The last downgrade for PTC Therapeutics Inc happened on December 19, 2023 when Morgan Stanley changed their price target from N/A to $28 for PTC Therapeutics Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PTC Therapeutics, 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 PTC Therapeutics was filed on December 13, 2024 so you should expect the next rating to be made available sometime around December 13, 2025.
While ratings are subjective and will change, the latest PTC Therapeutics (PTCT) rating was a upgraded with a price target of $45.00 to $67.00. The current price PTC Therapeutics (PTCT) is trading at is $44.95, which is out of the analyst’s predicted range.
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