Corcept Therapeutics - CORT Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corcept Therapeutics in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CORT shares.
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4 Wall Street research analysts have issued 12 month price objectives for Corcept Therapeutics' shares. Their CORT share price forecasts range from $30.00 to $35.00. On average, they anticipate the company's share price to reach $32.00 in the next year. This suggests a possible upside of 22.9% from the stock's current price.
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Corcept Therapeutics' stock was trading at $19.80 at the beginning of the year. Since then, CORT shares have increased by 31.5% and is now trading at $26.04.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CORT earnings forecast.

Corcept Therapeutics Incorporated (NASDAQ:CORT) issued its quarterly earnings results on Wednesday, November, 3rd. The biotechnology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The biotechnology company had revenue of $96.13 million for the quarter, compared to analyst estimates of $97.75 million. Corcept Therapeutics had a net margin of 28.75% and a trailing twelve-month return on equity of 25.53%. During the same period in the prior year, the company earned $0.17 EPS.

Corcept Therapeutics updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $400.00 million-$430.00 million, compared to the consensus revenue estimate of $414.43 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."

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 $26.04.

Corcept Therapeutics (NASDAQ:CORT) has a market capitalization of $2.79 billion and generates $365.98 million in revenue each year. The biotechnology company earns $112.51 million in net income (profit) each year or $0.94 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.