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.
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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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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.