
Corcept Therapeutics (CORT) Stock Forecast & Price Target
Corcept Therapeutics (CORT) Analyst Ratings
Bulls say
Corcept Therapeutics Inc. is expected to achieve significant sales growth for its primary product, Korlym, with annual sales projected to increase by 19% to 26% year-over-year in FY2025, reaching between $800 million and $850 million. The company is poised for further expansion, with anticipated risk-adjusted peak sales of up to $1.9 billion by 2031, supported by strong clinical data and increasing market penetration strategies. Additionally, the projected launch of relacorilant, backed by a dedicated sales force, and favorable market conditions in the Cushing’s syndrome space contribute to a positive long-term outlook for the company’s revenue growth.
Bears say
Corcept Therapeutics has faced a significant setback due to the Complete Response Letter (CRL) for relacorilant's treatment of Cushing's syndrome, leading to a notable stock price decline of over 50% from its previous highs. The revised financial projections, reflecting this delay, impact the company's valuation, with the price target adjusted downwards to $90 per diluted share from $145. Concerns regarding the upcoming drug launch, compounded by potential safety issues with competitors like Elahere, further contribute to a cautious outlook on the company's stock performance.
This aggregate rating is based on analysts' research of Corcept Therapeutics and is not a guaranteed prediction by Public.com or investment advice.
Corcept Therapeutics (CORT) Analyst Forecast & Price Prediction
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