
Protagonist Therapeutics (PTGX) Stock Forecast & Price Target
Protagonist Therapeutics (PTGX) Analyst Ratings
Bulls say
Protagonist Therapeutics is a biopharmaceutical company with a positive outlook based on several key factors. These include the steady progress and strong performance of its wholly-owned programs, the upcoming milestone payments from partners JNJ and Takeda, and promising data from its Phase 3 studies for Icotyde and Rusfertide. In addition, the company's strong financial position and potential for significant revenue from its programs, particularly Icotyde, further support a positive outlook on its stock.
Bears say
Protagonist Therapeutics is currently conducting two Phase 3 studies for their lead drug candidate, PsA, with an estimated primary completion date of May 2025 and ongoing patient enrollment. This study was supported by previous results from a Phase 2 study in PsO, and the primary endpoint is ACR20 at week 16. Additionally, Protagonist Therapeutics has a strong financial position with approximately $620 million in cash, providing ample runway into at least 2028. However, their lack of approved products and high reliance on this lead candidate make them a risky investment.
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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