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PRAX Stock Forecast & Price Target

PRAX Analyst Ratings

Based on 12 analyst ratings
Buy
Strong Buy 58%
Buy 25%
Hold 8%
Sell 8%
Strong Sell 0%

Bulls say

Praxis Precision Medicine Inc. has experienced a substantial 206.1% year-over-year increase in research and development expenses, reflecting a commitment to advancing its clinical-stage product candidates which may enhance future revenue potential. The firm's pipeline, particularly the promising profiles of PRAX-628 and relutrigine, is positioned for favorable market share expansion and could lead to increased treatment durations, aligning with improving diagnosis and treatment rates in essential tremor. Additionally, the company's robust financial standing allows for the continued development of new therapies, potentially opening new avenues for growth in the genetic epilepsy market.

Bears say

Praxis Precision Medicines Inc. is experiencing significant financial challenges, highlighted by a widened operating loss of $64.0 million in the fourth quarter of 2023, up from $27.8 million, which surpassed estimates. The company's outlook is further dampened by the decision to stop the ulixacaltamide study due to futility, leading to a substantial reduction in its probability of success from 55% to just 7%, affecting overall revenue projections. Moreover, the risk of poor market reception and intense competition for its pipeline products raises concerns about potential sales shortfalls and overall financial viability, contributing to a generally negative sentiment surrounding its stock.

PRAX has been analyzed by 12 analysts, with a consensus rating of Buy. 58% of analysts recommend a Strong Buy, 25% recommend Buy, 8% suggest Holding, 8% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Praxis Precision Medicines and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Praxis Precision Medicines (PRAX) Forecast

Analysts have given PRAX a Buy based on their latest research and market trends.

According to 12 analysts, PRAX has a Buy consensus rating as of Jul 2, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $102.58, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $102.58, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Praxis Precision Medicines (PRAX)


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