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PHAT
Volume: 1.63M

Phathom Pharmaceuticals (PHAT) Stock Forecast & Price Target

Phathom Pharmaceuticals (PHAT) Analyst Ratings

Based on 5 analyst ratings
Buy
Strong Buy 60%
Buy 20%
Hold 20%
Sell 0%
Strong Sell 0%

Bulls say

Phathom Pharmaceuticals is supported by VOQUEZNA’s differentiated clinical profile, including rapid, potent acid suppression, superiority in severe erosive disease, and strong H. pylori eradication data that helped it gain share in a large, underpenetrated GI market. The company’s commercial reset in May 2025, with a sharper GI-focused sales effort and BlinkRx-enabled access support, appears to be improving execution, while revenue is projected to rise from $55MM in 2024 to $310–325MM in 2026 and reach 2026 EBITDA profitability. Longer term, upside is reinforced by a potential 2032 exclusivity window, a sizable ~65M-person GERD population, and optionality from EoE expansion and possible pediatric exclusivity extension.

Bears say

Phathom Pharmaceuticals is challenged by a heavily genericized GERD market where VOQUEZNA’s clinical advantages are being held back by prior-authentication friction, generic PPI step edits, and a slower-than-expected 1H26 launch trajectory. Even though management expects about $312MM of 2026 VOQUEZNA revenue versus $316MM consensus and $1.14Bn of peak sales versus $1.17Bn consensus in 2032, the company still lacks clear near-term upside while the only approved P-CAB in the US faces potential competition from tegoprazan in 2027. Financial risk is amplified by the $300MM Hercules term loan secured by nearly all assets, including IP, and by the company’s decision to exclude EoE revenue until stronger data emerge in 4Q26.

Phathom Pharmaceuticals (PHAT) has been analyzed by 5 analysts, with a consensus rating of Buy. 60% of analysts recommend a Strong Buy, 20% recommend Buy, 20% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Phathom Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.

Phathom Pharmaceuticals (PHAT) Analyst Forecast & Price Prediction

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FAQs About Phathom Pharmaceuticals (PHAT) Forecast

Analysts have given Phathom Pharmaceuticals (PHAT) a Buy based on their latest research and market trends.

According to 5 analysts, Phathom Pharmaceuticals (PHAT) has a Buy consensus rating as of Oct 31, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $18.80, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $18.80, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Phathom Pharmaceuticals (PHAT)

Volume: 1.63M

Phathom Pharmaceuticals (PHAT) Analyst Forecast & Price Prediction

Get the latest Phathom Pharmaceuticals (PHAT) stock forecast, including analyst ratings and price predictions, with real-time AI-powered fundamental data and custom analysis

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