Needham analyst Joseph Stringer assigned a Buy rating to Phathom Pharmaceuticals (PHAT) today and set a price target of $55.00. The company’s shares closed last Tuesday at $38.97.
According to TipRanks.com, Stringer has 0 stars on 0-5 stars ranking scale with an average return of -10.0% and a 20.6% success rate. Stringer covers the Healthcare sector, focusing on stocks such as Apellis Pharmaceuticals, Lexicon Pharmaceuticals, and Crispr Therapeutics AG.
Phathom Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $59.50, representing a 56.2% upside. In a report issued on April 7, JonesTrading also maintained a Buy rating on the stock with a $55.00 price target.
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The company has a one-year high of $64.54 and a one-year low of $27.47. Currently, Phathom Pharmaceuticals has an average volume of 98K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PHAT in relation to earlier this year.
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Phathom Pharmaceuticals, Inc. is a biopharmaceutical company, which focuses on the development and commercialization of novel treatments for gastrointestinal diseases and disorders. It develops Vonoprazan, a potassium-competitive acid blocker. The company was founded by Tadataka Yamada, David Socks, Azmi Nabulsi, Aditya Kohli, and Roger Ulrich on January 9, 2018 and is headquartered in Buffalo Grove, IL.