Corcept Therapeutics Inc

Corcept Therapeutics Inc Stock Forecast & Price Prediction

Live Corcept Therapeutics Inc Stock (CORT) Price
$58.81

5

Ratings

  • Buy 5
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$58.81

P/E Ratio

48.24

Volume Traded Today

$442,655

Dividend

Dividends not available for CORT

52 Week High/low

62.22/20.84

Corcept Therapeutics Inc Market Cap

$6.37B

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CORT Summary

From what 5 stock analysts predict, the share price for Corcept Therapeutics Inc (CORT) might increase by 27.36% in the next year. This is based on a 12-month average estimation for CORT. Price targets go from $67 to $80. The majority of stock analysts believe CORT is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

CORT Analyst Ratings

Corcept Therapeutics Inc has a total of 5 Wall St Analyst ratings. There are 5 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Corcept Therapeutics Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

CORT stock forecast by analyst

These are the latest 20 analyst ratings of CORT.

Analyst/Firm

Rating

Price Target

Change

Date

Swayampakula Ramakanth
HC Wainwright & Co.

Buy

$80

Reiterates

Oct 31, 2024
Swayampakula Ramakanth
HC Wainwright & Co.

Buy

$80

Maintains

Oct 18, 2024
Joon Lee
Truist Securities

Buy

$76

Maintains

Sep 30, 2024
David Amsellem
Piper Sandler

Overweight

$67

Maintains

Sep 18, 2024
Edward Nash
Canaccord Genuity

Buy

$78

Maintains

Jul 31, 2024
David Amsellem
Piper Sandler

Overweight

$38

Maintains

Jul 30, 2024
Swayampakula Ramakanth
HC Wainwright & Co.

Buy

$45

Maintains

Jul 30, 2024
Edward Nash
Canaccord Genuity

Buy

$38

Maintains

Jul 30, 2024
David Amsellem
Piper Sandler

Overweight

$35

Reiterates

Jul 1, 2024
Joon Lee
Truist Securities

Buy

$65

Maintains

Jun 17, 2024
Joon Lee
Truist Securities

Buy

$65

Reiterates

Jun 4, 2024
Swayampakula Ramakanth
HC Wainwright & Co.

Buy

$40

Reiterates

May 29, 2024
Swayampakula Ramakanth
HC Wainwright & Co.

Buy

$40

Maintains

May 2, 2024
Joon Lee
Truist Securities

Buy

$44

Maintains

May 2, 2024
Swayampakula Ramakanth
HC Wainwright & Co.

Buy

$38

Reiterates

Apr 23, 2024
Joon Lee
Truist Securities

Buy

$42

Maintains

Feb 16, 2024
Swayampakula Ramakanth
HC Wainwright & Co.

Buy

$28

Maintains

Jan 2, 2024
Edward Nash
Canaccord Genuity

Buy

$38

Maintains

Dec 13, 2023
Joon Lee
Truist Securities

Buy

$38

Upgrade

Nov 6, 2023
Swayampakula Ramakanth
HC Wainwright & Co.

Buy

$34

Maintains

Nov 2, 2023

CORT Company Information

What They Do: Develops drugs for severe medical disorders.

Business Model: The company focuses on discovering and developing pharmaceuticals targeting severe endocrinologic, oncologic, metabolic, and neurologic disorders. It generates revenue primarily through the sale of its FDA-approved medication, Korlym, and aims to expand its portfolio with several drugs currently in various stages of clinical trials.

Other Information: Corcept Therapeutics was founded in 1998 and is based in Menlo Park, California. The company is actively involved in multiple clinical trials for innovative treatments, which could significantly enhance its growth potential and market presence in the biopharmaceutical sector.
CORT
Corcept Therapeutics Inc (CORT)

When did it IPO

2004

Staff Count

352

Country

United States

Sector/Industry

Healthcare/Biotechnology

CEO

Dr. Joseph K. Belanoff M.D.

Market Cap

$6.37B

Corcept Therapeutics Inc (CORT) Financial Data

In 2023, CORT generated $482.4M in revenue, which was a increase of 20.04% from the previous year. This can be seen as a signal that CORT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$353.9M

Revenue From 2021

$366.0M

3.42 %
From Previous Year

Revenue From 2022

$401.9M

9.80 %
From Previous Year

Revenue From 2023

$482.4M

20.04 %
From Previous Year
  • Revenue TTM $628.6M
  • Operating Margin TTM 25.5%
  • Gross profit TTM $475.9M
  • Return on assets TTM 13.0%
  • Return on equity TTM 25.8%
  • Profit Margin 22.6%
  • Book Value Per Share 6.10%
  • Market capitalisation $6.37B
  • Revenue for 2021 $366.0M
  • Revenue for 2022 $401.9M
  • Revenue for 2023 $482.4M
  • EPS this year (TTM) $1.26

Corcept Therapeutics Inc (CORT) Latest News

News Image

Mon, 09 Dec 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Corcept (CORT) is noted for its strong growth potential, which may lead to exceptional returns for investors.

Why It Matters - Corcept's solid growth attributes indicate potential for significant financial performance, which can lead to increased stock value and attractive returns for shareholders.

News Image

Fri, 06 Dec 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Corcept (CORT) has passed the "Recent Price Strength" screening, indicating potential as a profitable investment opportunity for those seeking actively rising stocks.

Why It Matters - Corcept's recent price strength indicates momentum, suggesting potential short-term gains. This could attract momentum-focused investors seeking profitable trades.

News Image

Fri, 06 Dec 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Corcept (CORT) has a consensus price target suggesting a 26.1% upside. Upward earnings estimate revisions may indicate potential near-term stock gains.

Why It Matters - A 26.1% upside potential implies significant growth opportunity for Corcept (CORT), and rising earnings estimates suggest positive momentum, influencing investor sentiment and decision-making.

News Image

Fri, 29 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Corcept (CORT) reported earnings a month ago; investors should monitor upcoming developments and market reactions for future stock performance.

Why It Matters - Corcept's recent earnings report may influence stock performance, affecting investor sentiment and future price movements as analysts assess growth prospects.

News Image

Mon, 25 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Zacks Style Scores can help investors identify strong, market-beating stocks for their portfolios.

Why It Matters - Zacks Style Scores provide a systematic approach to identify stocks with high potential, aiding investors in maximizing returns and outperforming the market.

News Image

Wed, 27 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Corcept Therapeutics focuses on cortisol-modulating drugs, notably Korlym for Cushing Syndrome. Its strong financials and promising pipeline, including Relacorilant, enhance its investment appeal.

Why It Matters - Corcept Therapeutics' strong financials and unique market position, combined with a promising drug pipeline, suggest significant growth potential despite legal risks, enhancing its attractiveness to investors.

...

CORT Frequently asked questions

The highest forecasted price for CORT is $80 from Swayampakula Ramakanth at HC Wainwright & Co..

The lowest forecasted price for CORT is $67 from David Amsellem from Piper Sandler

The CORT analyst ratings consensus are 5 buy ratings, 0 hold ratings, and 0 sell ratings.