Karuna Therapeutics (KRTX) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Karuna Therapeutics in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KRTX shares.
View KRTX analyst ratings or view top-rated stocks.

12 Wall Street research analysts have issued 1 year price objectives for Karuna Therapeutics' shares. Their KRTX share price forecasts range from $209.00 to $323.00. On average, they anticipate the company's share price to reach $260.50 in the next year. This suggests a possible upside of 58.2% from the stock's current price.
View analysts price targets for KRTX or view top-rated stocks among Wall Street analysts.

Karuna Therapeutics' stock was trading at $196.50 on January 1st, 2023. Since then, KRTX shares have decreased by 16.2% and is now trading at $164.66.
View the best growth stocks for 2023 here.

Karuna Therapeutics saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,350,000 shares, a drop of 6.9% from the August 15th total of 1,450,000 shares. Based on an average trading volume of 345,500 shares, the short-interest ratio is currently 3.9 days.
View Karuna Therapeutics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our KRTX earnings forecast.

Karuna Therapeutics, Inc. (NASDAQ:KRTX) posted its earnings results on Thursday, August, 3rd. The company reported ($2.75) earnings per share for the quarter, beating the consensus estimate of ($2.76) by $0.01. The business earned $0.10 million during the quarter, compared to the consensus estimate of $0.42 million. Karuna Therapeutics had a negative net margin of 2,795.96% and a negative trailing twelve-month return on equity of 27.13%. The firm's revenue was down 98.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.17) earnings per share.

ETFs with the largest weight of Karuna Therapeutics (NASDAQ:KRTX) stock in their portfolio include iShares Neuroscience and Healthcare ETF (IBRN), Invesco Dorsey Wright Healthcare Momentum ETF (PTH), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Principal Healthcare Innovators ETF (BTEC), SPDR S&P Biotech ETF (XBI), Direxion Daily S&P Biotech Bull 3x Shares (LABU), Invesco Nasdaq Biotechnology ETF (IBBQ) and Vanguard Russell 2000 Growth ETF (VTWG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Karuna Therapeutics investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), AbbVie (ABBV), Pfizer (PFE), Alibaba Group (BABA), Johnson & Johnson (JNJ), AT&T (T), Target (TGT) and Walt Disney (DIS).

(KRTX) raised $70 million in an initial public offering (IPO) on Friday, June 28th 2019. The company issued 4,400,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs, Citigroup and Wells Fargo Securities acted as the underwriters for the IPO and Wedbush PacGrow was co-manager.

Karuna Therapeutics trades on the NASDAQ under the ticker symbol "KRTX."

Karuna Therapeutics' stock is owned by many different institutional and retail investors. Top institutional investors include Capital International Investors (10.60%), BlackRock Inc. (4.95%), State Street Corp (2.16%), General Atlantic L.P. (1.93%), Geode Capital Management LLC (1.29%) and Alliancebernstein L.P. (1.02%). Insiders that own company stock include Andrew Craig Miller, Atul Pande, James Healy, Jeffrey M Jonas, Laurie J Olson, Laurie J Olson, Puretech Health Llc, Stephen K Brannan, Steven M Paul and Troy A Ignelzi.
View institutional ownership trends.

Shares of KRTX 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 KRTX stock can currently be purchased for approximately $164.66.

Karuna Therapeutics (NASDAQ:KRTX) has a market capitalization of $6.20 billion and generates $6.01 million in revenue each year. The company earns $-276,340,000.00 in net income (profit) each year or ($10.15) on an earnings per share basis.

The company employs 210 workers across the globe.

Karuna Therapeutics' mailing address is 33 ARCH STREET SUITE 3110, BOSTON MA, 02110. The official website for the company is karunatx.com. The company can be reached via phone at (857) 449-2244 or via email at investors@karunatx.com.