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Praxis Precision price target raised to $800 from $760 at Guggenheim

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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