Corcept Therapeutics - CORT Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corcept Therapeutics in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CORT shares.
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4 analysts have issued 12-month price targets for Corcept Therapeutics' shares. Their CORT share price forecasts range from $22.00 to $32.00. On average, they expect the company's share price to reach $28.50 in the next year. This suggests a possible upside of 31.8% from the stock's current price.
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Corcept Therapeutics' stock was trading at $20.31 on January 1st, 2023. Since then, CORT shares have increased by 6.5% and is now trading at $21.63.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CORT earnings forecast.

Corcept Therapeutics Incorporated (NASDAQ:CORT) posted its quarterly earnings data on Tuesday, February, 28th. The biotechnology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.09. The biotechnology company had revenue of $103.06 million for the quarter, compared to analysts' expectations of $106.93 million. Corcept Therapeutics had a net margin of 25.21% and a trailing twelve-month return on equity of 22.20%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share.

ETFs with the largest weight of Corcept Therapeutics (NASDAQ:CORT) stock in their portfolio include Invesco Dynamic Pharmaceuticals ETF (PJP), The Acquirers Fund (ZIG), Invesco S&P SmallCap Health Care ETF (PSCH), Janus Henderson Small Cap Growth Alpha ETF (JSML), First Trust Nasdaq Pharmaceuticals ETF (FTXH), ALPS Medical Breakthroughs ETF (SBIO), SPDR S&P Pharmaceuticals ETF (XPH) and Invesco S&P SmallCap Quality ETF (XSHQ).

Corcept Therapeutics updated its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $430.00 million-$450.00 million, compared to the consensus revenue estimate of $434.79 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 many different retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (6.77%), Ingalls & Snyder LLC (6.34%), Parallel Advisors LLC (3.46%), Dimensional Fund Advisors LP (1.94%), Boston Trust Walden Corp (1.72%) and Geode Capital Management LLC (1.60%). Insiders that own company stock include Daniel N Swisher Jr, G Leonard Baker Jr, G Leonard Baker, Jr, Gary Charles Robb, 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 $21.63.

Corcept Therapeutics (NASDAQ:CORT) has a market capitalization of $2.33 billion and generates $401.86 million in revenue each year. The biotechnology company earns $101.42 million in net income (profit) each year or $0.88 on an earnings per share basis.

The company employs 238 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.