Mirati Therapeutics (MRTX) Stock Forecast, Price & News

12 Wall Street 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 analysts is that investors should "moderate buy" MRTX shares.
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12 Wall Street research analysts have issued 1 year price targets for Mirati Therapeutics' stock. Their MRTX share price forecasts range from $31.00 to $83.00. On average, they predict the company's stock price to reach $55.67 in the next twelve months. This suggests a possible upside of 36.2% 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 stock has decreased by 9.8% and is now trading at $40.87.
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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) announced its quarterly earnings data on Tuesday, August, 8th. The biotechnology company reported ($3.04) EPS for the quarter, topping the consensus estimate of ($3.23) by $0.19. The biotechnology company had revenue of $13.70 million for the quarter, compared to the consensus estimate of $13.17 million. Mirati Therapeutics had a negative trailing twelve-month return on equity of 79.37% and a negative net margin of 2,709.33%. The company's revenue for the quarter was up 153.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($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 a number of institutional and retail investors. Top institutional investors 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 $40.87.

Mirati Therapeutics (NASDAQ:MRTX) has a market capitalization of $2.39 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.