tiprankstipranks
Trending News
More News >

PTC Therapeutics: Promising Drug Pipeline and Market Opportunities Justify Buy Rating

PTC Therapeutics: Promising Drug Pipeline and Market Opportunities Justify Buy Rating

Eric Joseph, an analyst from J.P. Morgan, maintained the Buy rating on PTC Therapeutics (PTCTResearch Report). The associated price target remains the same with $67.00.

Confident Investing Starts Here:

Eric Joseph has given his Buy rating due to a combination of factors surrounding PTC Therapeutics’ promising drug pipeline and market opportunities. The anticipated approval and utilization of vatiquinone for Friedrich’s Ataxia (FA), particularly in the pediatric segment, is a key driver. Physicians surveyed expect vatiquinone to be approved broadly and foresee significant uptake, especially among younger patients, due to the lack of approved alternatives for this age group.
Furthermore, Eric Joseph highlights the potential for vatiquinone to capture a substantial market share in the FA treatment landscape, with projections indicating a $1.5 billion peak worldwide opportunity. Additionally, the company’s existing commercial products and royalties provide a solid financial foundation, while upcoming clinical and regulatory milestones for other pipeline candidates like sepiapterin in PKU offer further growth prospects. These elements collectively underscore the potential for PTC Therapeutics to realize significant upside, justifying the Buy rating.

Joseph covers the Healthcare sector, focusing on stocks such as PTC Therapeutics, Rocket Pharmaceuticals, and Novavax. According to TipRanks, Joseph has an average return of 2.5% and a 45.96% success rate on recommended stocks.

In another report released on May 27, Wells Fargo also maintained a Buy rating on the stock with a $74.00 price target.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

1