Shares of Phathom Pharmaceuticals, Inc. (NASDAQ:PHAT – Get Free Report) have received an average rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $25.00.
Several research firms have issued reports on PHAT. Stifel Nicolaus set a $28.00 price target on shares of Phathom Pharmaceuticals in a report on Thursday, February 26th. Guggenheim lifted their price target on shares of Phathom Pharmaceuticals from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Barclays raised shares of Phathom Pharmaceuticals from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $16.00 to $18.00 in a report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Phathom Pharmaceuticals in a report on Tuesday, April 21st.
Check Out Our Latest Report on Phathom Pharmaceuticals
Hedge Funds Weigh In On Phathom Pharmaceuticals
Phathom Pharmaceuticals Stock Up 4.4%
Shares of PHAT stock opened at $9.65 on Wednesday. The firm has a market cap of $769.68 million, a price-to-earnings ratio of -4.55 and a beta of 0.50. The company’s 50 day moving average is $11.65 and its 200 day moving average is $13.16. Phathom Pharmaceuticals has a 52-week low of $4.47 and a 52-week high of $18.31.
Phathom Pharmaceuticals Company Profile
Phathom Pharmaceuticals is a clinical‐stage biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal (GI) diseases. The company’s core mission centers on addressing serious GI disorders by leveraging innovative mechanisms of action to improve patient outcomes. Phathom’s research and development efforts concentrate on conditions such as Helicobacter pylori infection, erosive esophagitis, gastroparesis and other functional GI disorders where significant unmet medical needs persist.
The company’s lead asset is vonoprazan, a potassium‐competitive acid blocker (P-CAB) licensed for use in the United States.
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