PTC Therapeutics (PTCT) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PTC Therapeutics in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PTCT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTCT, but not buy additional shares or sell existing shares.
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13 Wall Street analysts have issued 1 year price objectives for PTC Therapeutics' shares. Their PTCT share price forecasts range from $22.00 to $73.00. On average, they predict the company's stock price to reach $39.57 in the next twelve months. This suggests a possible upside of 77.1% from the stock's current price.
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PTC Therapeutics' stock was trading at $38.17 at the start of the year. Since then, PTCT shares have decreased by 41.4% and is now trading at $22.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PTCT earnings forecast.

PTC Therapeutics, Inc. (NASDAQ:PTCT) issued its quarterly earnings data on Thursday, August, 3rd. The biopharmaceutical company reported ($2.66) earnings per share for the quarter, missing analysts' consensus estimates of ($1.58) by $1.08. The biopharmaceutical company had revenue of $213.80 million for the quarter, compared to analysts' expectations of $206.99 million. The company's revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($2.13) EPS.

ETFs with the largest weight of PTC Therapeutics (NASDAQ:PTCT) stock in their portfolio include Morningstar US Small Growth (MSGR), iShares Neuroscience and Healthcare ETF (IBRN), Motley Fool Small-Cap Growth ETF (TMFS), MFAM Small-Cap Growth ETF (MFMS), Invesco Biotechnology & Genome ETF (PBE), Virtus LifeSci Biotech Products ETF (BBP), Franklin Genomic Advancements ETF (HELX) and SPDR S&P Biotech ETF (XBI).

PTC Therapeutics updated its FY 2023 earnings guidance on Wednesday, July, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $940.00M-$1.00 billion, compared to the consensus revenue estimate of $961.42 million.

24 employees have rated PTC Therapeutics Chief Executive Officer Stuart W. Peltz on Glassdoor.com. Stuart W. Peltz has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PTC Therapeutics investors own include Baidu (BIDU), Sarepta Therapeutics (SRPT), Alibaba Group (BABA), GW Pharmaceuticals (GWPH), Bausch Health Companies (BHC), NVIDIA (NVDA), Cisco Systems (CSCO), Regulus Therapeutics (RGLS), Aduro Biotech (ADRO) and Gilead Sciences (GILD).

PTC Therapeutics trades on the NASDAQ under the ticker symbol "PTCT."

Shares of PTCT 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 PTCT stock can currently be purchased for approximately $22.35.

PTC Therapeutics (NASDAQ:PTCT) has a market capitalization of $1.68 billion and generates $698.80 million in revenue each year. The biopharmaceutical company earns $-559,020,000.00 in net income (profit) each year or ($8.42) on an earnings per share basis.

The company employs 1,410 workers across the globe.

PTC Therapeutics' mailing address is 100 CORPORATE COURT, SOUTH PLAINFIELD NJ, 07080. The official website for the company is www.ptcbio.com. The biopharmaceutical company can be reached via phone at (908) 222-7000, via email at ehill@ptcbio.com, or via fax at 908-222-7231.