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PTC Therapeutics Inc has a consensus price target of $41.58 based on the ratings of 20 analysts. The high is $64 issued by Cantor Fitzgerald on September 20, 2024. The low is $17 issued by Citigroup on October 27, 2023. The 3 most-recent analyst ratings were released by JP Morgan, Barclays, and Barclays on November 19, 2024, November 14, 2024, and November 11, 2024, respectively. With an average price target of $50 between JP Morgan, Barclays, and Barclays, there's an implied 15.66% 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 JP Morgan on November 19, 2024. The analyst firm set a price target for $62.00 expecting PTCT to rise to within 12 months (a possible 43.42% upside). 36 analyst firms have reported ratings in the last year.
The latest analyst rating for PTC Therapeutics (NASDAQ:PTCT) was provided by JP Morgan, and PTC Therapeutics maintained their overweight rating.
The last upgrade for PTC Therapeutics Inc happened on August 26, 2024 when UBS raised their price target to $47. UBS previously had a neutral 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 November 19, 2024 so you should expect the next rating to be made available sometime around November 19, 2025.
While ratings are subjective and will change, the latest PTC Therapeutics (PTCT) rating was a maintained with a price target of $51.00 to $62.00. The current price PTC Therapeutics (PTCT) is trading at is $43.23, which is out of the analyst’s predicted range.
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