Corcept Therapeutics (CORT) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corcept Therapeutics in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CORT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CORT, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 1-year target prices for Corcept Therapeutics' stock. Their CORT share price forecasts range from $22.00 to $47.50. On average, they expect the company's share price to reach $30.81 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
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Corcept Therapeutics' stock was trading at $20.31 at the beginning of 2023. Since then, CORT shares have increased by 55.8% and is now trading at $31.64.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CORT earnings forecast.

Corcept Therapeutics Incorporated (NASDAQ:CORT) posted its quarterly earnings results on Wednesday, August, 2nd. The biotechnology company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. The biotechnology company earned $117.72 million during the quarter, compared to analyst estimates of $109.60 million. Corcept Therapeutics had a net margin of 22.02% and a trailing twelve-month return on equity of 19.57%. The business's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share.

ETFs with the largest weight of Corcept Therapeutics (NASDAQ:CORT) stock in their portfolio include Invesco Pharmaceuticals ETF (PJP), Invesco S&P SmallCap Health Care ETF (PSCH), ALPS Medical Breakthroughs ETF (SBIO), SPDR S&P Pharmaceuticals ETF (XPH), Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL), iShares U.S. Pharmaceuticals ETF (IHE), Hartford Multifactor Small Cap ETF (ROSC) and Distillate Small/Mid Cash Flow ETF (DSMC).

Corcept Therapeutics issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $455.00 million-$470.00 million, compared to the consensus revenue estimate of $443.89 million.

6 employees have rated Corcept Therapeutics Chief Executive Officer Joseph K. Belanoff on Glassdoor.com. Joseph K. Belanoff has an approval rating of 100% among the company's employees. This puts Joseph K. Belanoff in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Corcept Therapeutics investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), AbbVie (ABBV), CA (CA), Alibaba Group (BABA), BlackRock (BLK), Inovio Pharmaceuticals (INO), Pfizer (PFE) and Activision Blizzard (ATVI).

Corcept Therapeutics trades on the NASDAQ under the ticker symbol "CORT."

Corcept Therapeutics' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.91%), Ingalls & Snyder LLC (8.23%), Renaissance Technologies LLC (6.53%), Parallel Advisors LLC (3.67%), State Street Corp (3.09%) and Dimensional Fund Advisors LP (2.20%). Insiders that own company stock include Daniel N Swisher Jr, Daniel N Swisher, Jr, David L Mahoney, G Leonard Baker Jr, G Leonard Baker, Jr, Gary Charles Robb, Hazel Hunt, Joseph Douglas Lyon, Joseph K Belanoff and Sean Maduck.
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Shares of CORT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CORT stock can currently be purchased for approximately $31.64.

Corcept Therapeutics (NASDAQ:CORT) has a market capitalization of $3.24 billion and generates $401.86 million in revenue each year. The biotechnology company earns $101.42 million in net income (profit) each year or $0.83 on an earnings per share basis.

The company employs 299 workers across the globe.

Corcept Therapeutics' mailing address is 149 COMMONWEALTH DRIVE, MENLO PARK CA, 94025. The official website for the company is www.corcept.com. The biotechnology company can be reached via phone at (650) 327-3270, via email at cjames@corcept.com, or via fax at 650-327-3218.