
PRAX Stock Forecast & Price Target
PRAX Analyst Ratings
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.
This aggregate rating is based on analysts' research of Praxis Precision Medicines and is not a guaranteed prediction by Public.com or investment advice.
PRAX Analyst Forecast & Price Prediction
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