
Protagonist Therapeutics (PTGX) Stock Forecast & Price Target
Protagonist Therapeutics (PTGX) Analyst Ratings
Bulls say
Protagonist Therapeutics Inc. has demonstrated a strong clinical response in its pipeline product icotrokinra, with significant improvements observed in both clinical response and endoscopic improvement metrics during trials. The company is positioned to capture market share in the milder segment, particularly following Otezla's exit, due to icotrokinra's category-leading efficacy and robust safety profile. Additionally, Protagonist's proven business development capabilities suggest ongoing momentum in its pipeline, bolstered by anticipated key catalysts approaching in 2025.
Bears say
Protagonist Therapeutics Inc's outlook is negatively impacted by multiple risks inherent to the biopharmaceutical industry, including potential safety concerns arising from ongoing clinical trials and the possibility that strategic partners may opt not to continue developing its leading candidate, Icotrokinra. Additionally, the company faces significant regulatory and competitive risks, compounded by the potential for pricing reforms that could affect revenue, particularly in niche markets such as orphan drugs. Future cash needs and the associated risk of dilution further exacerbate the uncertainty surrounding Protagonist Therapeutics's financial stability and growth prospects.
This aggregate rating is based on analysts' research of Protagonist Therapeutics and is not a guaranteed prediction by Public.com or investment advice.
Protagonist Therapeutics (PTGX) Analyst Forecast & Price Prediction
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