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PHAT
Volume: 2.11M

Phathom Pharmaceuticals (PHAT) Stock Forecast & Price Target

Phathom Pharmaceuticals (PHAT) Analyst Ratings

Based on 5 analyst ratings
Buy
Strong Buy 60%
Buy 20%
Hold 20%
Sell 0%
Strong Sell 0%

Bulls say

Phathom Pharmaceuticals is supported by VOQUEZNA’s differentiated PCAB profile, which has shown rapid, durable acid suppression and superior outcomes versus lansoprazole in erosive disease, while also being validated for H. pylori treatment. Its commercial case is strengthened by sales rising from $55MM in 2024 to guidance of $310–325MM in 2026, with 2026 expected to be the first year of EBITDA profitability and 2026 revenue projected at $312MM. The bull thesis also depends on launch execution improving after recent access frictions, a focused GI sales strategy following the May 2025 restructuring, and optionality from tegoprazan, EoE expansion, and possible patent-life extension beyond 2032.

Bears say

Phathom Pharmaceuticals is facing a weak fundamental setup because VOQUEZNA’s clinical differentiation is not translating into smooth commercial traction, with GERD and NERD remaining heavily genericized and physicians encountering access friction that has slowed the 2026 ramp. The company’s financial profile also looks pressured, as 2026 sales are projected at $312MM versus $316MM consensus, while secured debt includes a $300MM term loan with virtually all assets pledged and minimum cash covenants that could force costly renegotiation if breached. In addition, the expected 2027 tegoprazan launch threatens share and pricing, limiting confidence that VOQUEZNA can sustain reacceleration or reach the modeled $1.14Bn peak sales in 2032.

Phathom Pharmaceuticals (PHAT) has been analyzed by 5 analysts, with a consensus rating of Buy. 60% of analysts recommend a Strong Buy, 20% recommend Buy, 20% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Phathom Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.

Phathom Pharmaceuticals (PHAT) Analyst Forecast & Price Prediction

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FAQs About Phathom Pharmaceuticals (PHAT) Forecast

Analysts have given Phathom Pharmaceuticals (PHAT) a Buy based on their latest research and market trends.

According to 5 analysts, Phathom Pharmaceuticals (PHAT) has a Buy consensus rating as of Oct 28, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $18.80, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $18.80, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Phathom Pharmaceuticals (PHAT)

Volume: 2.11M

Phathom Pharmaceuticals (PHAT) Analyst Forecast & Price Prediction

Get the latest Phathom Pharmaceuticals (PHAT) stock forecast, including analyst ratings and price predictions, with real-time AI-powered fundamental data and custom analysis

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