Mirati Therapeutics (MRTX) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mirati Therapeutics in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MRTX shares.
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12 Wall Street research analysts have issued twelve-month target prices for Mirati Therapeutics' shares. Their MRTX share price forecasts range from $31.00 to $83.00. On average, they expect the company's stock price to reach $55.67 in the next year. This suggests a possible upside of 35.8% from the stock's current price.
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Mirati Therapeutics' stock was trading at $45.31 on January 1st, 2023. Since then, MRTX shares have decreased by 9.5% and is now trading at $41.00.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Mirati Therapeutics, Inc. (NASDAQ:MRTX) issued its quarterly earnings data on Tuesday, August, 8th. The biotechnology company reported ($3.04) earnings per share for the quarter, beating analysts' consensus estimates of ($3.23) by $0.19. The biotechnology company earned $13.70 million during the quarter, compared to analyst estimates of $13.17 million. Mirati Therapeutics had a negative net margin of 2,709.33% and a negative trailing twelve-month return on equity of 79.37%. The company's revenue was up 153.7% compared to the same quarter last year. During the same quarter last year, the business earned ($3.18) EPS.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mirati Therapeutics investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), AbbVie (ABBV), QUALCOMM (QCOM), BioMarin Pharmaceutical (BMRN), Micron Technology (MU), Netflix (NFLX), Block (SQ), Alibaba Group (BABA) and DocuSign (DOCU).

Mirati Therapeutics trades on the NASDAQ under the ticker symbol "MRTX."

Mirati Therapeutics' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.66%), State Street Corp (4.41%), Camber Capital Management LP (3.07%), Rock Springs Capital Management LP (1.91%), Candriam S.C.A. (1.50%) and Assenagon Asset Management S.A. (1.39%). Insiders that own company stock include Benjamin Hickey, Boxer Capital, Llc, Bruce L A Carter, Charles M Baum, Craig A Johnson, Daniel Faga, David D Meek, Faheem Hasnain, Henry J Fuchs, Jamie Christensen, Julie M Cherrington, Julie M Cherrington, Laurie Stelzer, Ltd Braslyn, Maria E Martinez and Vickie S Reed.
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Shares of MRTX 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 MRTX stock can currently be purchased for approximately $41.00.

Mirati Therapeutics (NASDAQ:MRTX) has a market capitalization of $2.40 billion and generates $12.44 million in revenue each year. The biotechnology company earns $-740,870,000.00 in net income (profit) each year or ($12.82) on an earnings per share basis.

The company employs 587 workers across the globe.

Mirati Therapeutics' mailing address is 9393 TOWNE CENTRE DRIVE SUITE 200, SAN DIEGO CA, 92121. The official website for the company is www.mirati.com. The biotechnology company can be reached via phone at (858) 332-3410 or via email at ir@mirati.com.