Mirati Therapeutics - MRTX Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mirati Therapeutics in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MRTX shares.
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14 analysts have issued 12-month price targets for Mirati Therapeutics' stock. Their MRTX share price forecasts range from $50.00 to $188.00. On average, they predict the company's stock price to reach $81.47 in the next year. This suggests a possible upside of 57.7% 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 increased by 14.0% and is now trading at $51.67.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
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Mirati Therapeutics, Inc. (NASDAQ:MRTX) released its quarterly earnings data on Monday, November, 8th. The biotechnology company reported ($1.55) EPS for the quarter, beating the consensus estimate of ($2.87) by $1.32. The biotechnology company earned $71.79 million during the quarter, compared to analyst estimates of $1.41 million. Mirati Therapeutics had a negative net margin of 6,253.81% and a negative trailing twelve-month return on equity of 60.40%. The business's quarterly revenue was up 528.4% on a year-over-year basis. During the same quarter last year, the company earned ($1.96) earnings per share.

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 National Bank of Canada FI (0.64%), International Biotechnology Trust PLC (0.42%), Allspring Global Investments Holdings LLC (0.41%), New York State Common Retirement Fund (0.40%), Assenagon Asset Management S.A. (0.29%) and Simplex Trading LLC (0.00%). 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, Henry J Fuchs, Isan Chen, Jamie Christensen, Julie M Cherrington, Julie M Cherrington, 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 $51.67.

Mirati Therapeutics (NASDAQ:MRTX) has a market capitalization of $2.98 billion and generates $72.09 million in revenue each year. The biotechnology company earns $-581,780,000.00 in net income (profit) each year or ($13.39) on an earnings per share basis.

The company employs 413 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.