Corcept Therapeutics - CORT Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corcept Therapeutics in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CORT shares.
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3 brokers have issued 12 month price targets for Corcept Therapeutics' shares. Their CORT share price forecasts range from $30.00 to $35.00. On average, they expect the company's stock price to reach $31.67 in the next year. This suggests a possible upside of 32.2% 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 stock has increased by 18.0% and is now trading at $23.96.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our CORT earnings forecast.

Corcept Therapeutics Incorporated (NASDAQ:CORT) released its earnings results on Wednesday, November, 3rd. The biotechnology company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. The biotechnology company earned $96.13 million during the quarter, compared to analyst estimates of $97.75 million. Corcept Therapeutics had a trailing twelve-month return on equity of 27.49% and a net margin of 29.37%. During the same quarter last year, the firm posted $0.17 EPS.

Corcept Therapeutics issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $400.00 million-$410.00 million, compared to the consensus revenue estimate of $416.67 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 institutional and retail investors. Top institutional investors include Ingalls & Snyder LLC (6.34%), Parallel Advisors LLC (3.46%), Boston Trust Walden Corp (1.72%), Pacer Advisors Inc. (0.43%), FAS Wealth Partners (0.28%) and Burney Co. (0.28%). 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 $23.96.

Corcept Therapeutics (NASDAQ:CORT) has a market capitalization of $2.58 billion and generates $365.98 million in revenue each year. The biotechnology company earns $112.51 million in net income (profit) each year or $1.00 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.