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PRAX Stock 12 Month Forecast
Average Price Target
$419.13
▲(57.65% Upside)
Based on 15 Wall Street analysts offering 12 month price targets for Praxis Precision Medicines in the last 3 months. The average price target is $419.13 with a high forecast of $760.00 and a low forecast of $83.00. The average price target represents a 57.65% change from the last price of $265.86.
Robustness of Praxis Precision Medicines' ESSENTIAL3 Program Supports Buy RatingValuation and Risks. Our Buy rating and price target of $258 for Praxis are based on the present value of 5.0x our 2035 discounted risk-adjusted revenue estimate of $1.3B. We adjust each pipeline asset for the probability of success: in ET given the positive Phase 3 data, vormatrigine with FOS at 70% given its strong topline Phase 2 data from the RADIANT study, relutrigine and elsunersen at 60% given the early efficacy signal seen in the EMBOLD Cohort 1 and EMBRAVE Part 1, respectively.
Promising Clinical Data and Strategic Developments Drive Buy Rating for Praxis Precision MedicinesWe are very impressed by this weekend's AES data updates from vormatrigine and relutrigine's Ph2 and registrational dataset, supporting their best-in-disease potential for FOS and SCN2A/8A DEEs, respectively. (cont'd in PDF).
Robustness of Praxis Precision Medicines' ESSENTIAL3 Program Supports Buy RatingValuation and Risks. Our Buy rating and price target of $258 for Praxis are based on the present value of 5.0x our 2035 discounted risk-adjusted revenue estimate of $1.3B. We adjust each pipeline asset for the probability of success: in ET given the positive Phase 3 data, vormatrigine with FOS at 70% given its strong topline Phase 2 data from the RADIANT study, relutrigine and elsunersen at 60% given the early efficacy signal seen in the EMBOLD Cohort 1 and EMBRAVE Part 1, respectively.
Promising Clinical Data and Strategic Developments Drive Buy Rating for Praxis Precision MedicinesWe are very impressed by this weekend's AES data updates from vormatrigine and relutrigine's Ph2 and registrational dataset, supporting their best-in-disease potential for FOS and SCN2A/8A DEEs, respectively. (cont'd in PDF).
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The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
PRAX Analyst Recommendation Trends
Rating
Aug 25
Sep 25
Oct 25
Nov 25
Dec 25
Strong Buy
12
15
23
25
30
Buy
5
8
9
13
17
Hold
8
9
8
9
7
Sell
1
1
1
0
0
Strong Sell
0
0
0
0
1
total
26
33
41
47
55
In the current month, PRAX has received 47Buy Ratings, 7Hold Ratings, and 1Sell Ratings. PRAX average Analyst price target in the past 3 months is 419.13.
Each month's total comprises the sum of three months' worth of ratings.
PRAX Financial Forecast
PRAX Earnings Forecast
Next quarter’s earnings estimate for PRAX is -$3.09 with a range of -$4.16 to -$2.17. The previous quarter’s EPS was -$3.36. PRAX beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 57.07% of the time in the same period. In the last calendar year PRAX has Performed in-line its overall industry.
Next quarter’s earnings estimate for PRAX is -$3.09 with a range of -$4.16 to -$2.17. The previous quarter’s EPS was -$3.36. PRAX beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 57.07% of the time in the same period. In the last calendar year PRAX has Performed in-line its overall industry.
PRAX Sales Forecast
Next quarter’s sales forecast for PRAX is $398.00K with a range of $0.00 to $2.98M. The previous quarter’s sales results were $0.00. PRAX beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 47.62% of the time in the same period. In the last calendar year PRAX has Performed in-line its overall industry.
Next quarter’s sales forecast for PRAX is $398.00K with a range of $0.00 to $2.98M. The previous quarter’s sales results were $0.00. PRAX beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 47.62% of the time in the same period. In the last calendar year PRAX has Performed in-line its overall industry.
PRAX Stock Forecast FAQ
What is PRAX’s average 12-month price target, according to analysts?
Based on analyst ratings, Praxis Precision Medicines’s 12-month average price target is 419.13.
What is PRAX’s upside potential, based on the analysts’ average price target?
Praxis Precision Medicines has 57.65% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is PRAX a Buy, Sell or Hold?
Praxis Precision Medicines has a consensus rating of Strong Buy which is based on 14 buy ratings, 0 hold ratings and 1 sell ratings.
What is Praxis Precision Medicines’s price target?
The average price target for Praxis Precision Medicines is 419.13. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $760.00 ,the lowest forecast is $83.00. The average price target represents 57.65% Increase from the current price of $265.86.
What do analysts say about Praxis Precision Medicines?
Praxis Precision Medicines’s analyst rating consensus is a Strong Buy. This is based on the ratings of 15 Wall Streets Analysts.
How can I buy shares of PRAX?
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