Guggenheim raised the firm’s price target on Praxis Precision (PRAX) to $800 from $760 and keeps a Buy rating on the shares. The firm’s analysis and feedback from key opinion leaders on ulixacaltamide’s potential penetration in essential tremor supports a potential $15B-plus ET market and a $5B-$10B peak sales range for an effective branded oral, says the analyst, who adds that Praxis remains one of the firm’s Top Picks for 2026.
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Read More on PRAX:
- Praxis Precision price target raised to $510 from $460 at Needham
- Needham Upside Case: Strong Ulixacaltamide Outlook and 2026 Catalyst Stack Drive Praxis Buy Thesis
- Palantir upgraded, Best Buy downgraded: Wall Street’s top analyst calls
- Praxis Precision initiated with an Equal Weight at Wells Fargo
- Praxis Precision price target raised to $1,245 from $340 at H.C. Wainwright
