
PRAX Stock Forecast & Price Target
PRAX Analyst Ratings
Bulls say
Praxis Precision Medicines Inc. is positioned positively in the market due to the promising RADIANT data, which has led to an increased probability of success for its product candidate vormatrigine, now estimated at 70%, and an adjusted market penetration rate for peak sales anticipated to reach $1.5 billion. Furthermore, the company's focus on developing disease-modifying therapies for central nervous system disorders could represent a significant innovation in the treatment landscape, potentially enhancing its market appeal. The company's research and development expenses, which surged 131.1% year-over-year to $63.0 million, align with its strategic investment in advancing its pipeline and indicate robust commitment to bringing its therapies to fruition.
Bears say
Praxis Precision Medicine reported a significant loss per share of $1.74 for the second quarter of 2024, indicating ongoing financial challenges as the company remains in the clinical development stage. Additionally, general and administrative expenses increased by 23.4% year-over-year to $13.1 million, reflecting rising operational costs that could strain future profitability. Despite some positive developments in data estimates, the persistent losses and escalating expenses contribute to a negative outlook for the company's stock performance.
This aggregate rating is based on analysts' research of Praxis Precision Medicines and is not a guaranteed prediction by Public.com or investment advice.
PRAX Analyst Forecast & Price Prediction
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