PHATPHATHealthcare · Biotechnology

PHAT Stock Forecast: Phathom Pharmaceuticals, Inc. Price Predictions for 2026-2027

Last close, 4 Nov 2026
$5.68
−1.05% on the day

The 11 Wall Street analysts covering Phathom Pharmaceuticals, Inc. hold a median 12-month price target of $22 — +278.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 82 of 100 as at 3 Nov 2026 — inside the top quartile. Here, the model and the Street point the same way.

Market cap
$465.8M
Ticker Nerd rank
82/ 100
Median analyst target
$22
Analysts covering
11
Revenue$74.3M+88.0% y/y
Operating income−$4.0M
Net income−$17.6M
Free cash flow−$2.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−9.6%
1M
−17.9%
YTD
−65.8%
1Y
−57.9%
From 52W high
−68.6%
From 52W low
0.0%
$6
$18
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

PHAT stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Phathom Pharmaceuticals, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 3 Nov 2026
82/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Quality
96
Growth
95
Value
86
Issuance
70
Accruals
70
Volatility
63
Size
54
Revisions
34
Momentum
24

Quality (96): The business earns solid, repeatable profits on what it owns.

Momentum (24): The shares have been drifting down relative to others.

Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.

Wall Street

PHAT stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on PHAT, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$5$10$15$20$25$30Jan 26Apr 26Jul 26Oct 26PHATHigh $29Median $22Low $8

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says11 analysts
10 Buy1 Hold0 Sell
Low $8Median $22High $29

The green dot is the last close — the median target sits +278.5% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 0 moved their price target up and 3 moved it down.

DateFirmActionRatingTarget
9 Sept 2026Leerink PartnersInitiatesMarket Perform$10
17 Aug 2026BarclaysMaintainsOverweight$18 → $14
17 Aug 2026BarclaysMaintainsOverweight—
31 July 2026GuggenheimMaintainsBuy$25 → $22
31 July 2026GuggenheimMaintainsBuy—
31 July 2026HC Wainwright & Co.ReiteratesBuy$26
31 July 2026HC Wainwright & Co.ReiteratesBuy—
30 July 2026NeedhamMaintainsBuy—
30 July 2026NeedhamMaintainsBuy$28 → $22
17 June 2026HC Wainwright & Co.ReiteratesBuy—
17 June 2026HC Wainwright & Co.ReiteratesBuy$26
27 Mar 2026BarclaysUpgradeOverweight—
27 Feb 2026GuggenheimMaintainsBuy—
9 Dec 2025BarclaysInitiatesEqual-Weight—
31 Oct 2025HC Wainwright & Co.MaintainsBuy—
9 June 2025Craig-HallumMaintainsBuy—
9 June 2025HC Wainwright & Co.ReiteratesBuy—
6 June 2025NeedhamMaintainsBuy—
2 May 2025Craig-HallumMaintainsBuy—
2 May 2025Goldman SachsMaintainsNeutral—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

PHAT appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
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Performance

PHAT vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Nov 2026, Phathom Pharmaceuticals, Inc. returned −57.9% against +14.8% for the S&P 500, dividends included.

PHAT vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120140Jan 26Apr 26Jul 26Oct 26PHATS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

PHAT analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingThis fiscal year
Analysts raising
0
Analysts cutting
1
Fundamentals

Phathom Pharmaceuticals, Inc. (PHAT) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−1.9×

Cheaper than 86% of US stocks

Price / sales
1.7×

Cheaper than 56% of US stocks

Price / book
−1.4×

Cheaper than 95% of US stocks

EV / EBITDA
−34.1×

Cheaper than 93% of US stocks

Growth & margins
Revenue growth (YoY)
71.1%

Higher than 90% of US stocks

Earnings growth (YoY)
88.0%

Higher than 82% of US stocks

Gross margin
79.7%

Higher than 90% of US stocks

Operating margin
−0.1%

Higher than 31% of US stocks

Net margin
−30.2%

Higher than 13% of US stocks

Returns & dividend
Return on equity
50.5%

Higher than 93% of US stocks

Return on assets
−5.4%

Higher than 32% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Phathom Pharmaceuticals, Inc. (PHAT) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Phathom Pharmaceuticals, Inc. has a market value of $465.8M and an enterprise value of $851.7M.

  • Revenue in the twelve months to 30 June 2026: $239.7M. The latest quarter grew 71.1% year on year.

  • Net income over the same four quarters: −$99.1M, a −41.3% net margin.

  • Diluted earnings per share, trailing twelve months: $−1.28.

  • Free cash flow in the twelve months to 30 June 2026: −$36.9M.

  • Shares outstanding: 80.1M.

  • Trailing P/E: −1.9×; forward P/E: 5.9× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of earnings.

  • Phathom Pharmaceuticals, Inc. employs 371 people — $646K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 4 Nov 2026

Data provided by Twelve Data

Peers

PHAT vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelBiotechnology
CompanyMarket capTKN rank
PHATPhathom Pharmaceuticals, Inc.$465.8M82
OVIDOvid Therapeutics, Inc.$447.9M63
RLMDRelmada Therapeutics, Inc.$447.9M66
YDESYD Bio Ltd.$453.0M3
PRTAProthena Corp. Plc$441.9M98
ARVNArvinas, Inc.$463.6M74
CRMDCorMedix, Inc.$433.4M62

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Phathom Pharmaceuticals, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest PHAT news & analysis

Phathom Pharmaceuticals to Participate in November Investor Conferences

GlobeNewsWire · 4 Nov 2026neutral

Phathom Pharmaceuticals said members of its management team are scheduled to participate in the Guggenheim 3rd Annual Healthcare Innovation Conference in Boston on November 10, 2026, including a fireside chat at 3:00 p.m.

Why it matters — The conference appearance gives PHAT watchers a scheduled opportunity to hear from the company’s management team.

What Phathom Pharmaceuticals (PHAT) Said on Its Q3 Earnings Call

MarketBeat · 29 Oct 2026positive

Phathom Pharmaceuticals reported third-quarter 2026 revenue growth and a second consecutive quarter of positive operating profit excluding stock-based compensation. The company said it continued efforts to expand access to its GERD treatment VOQUEZNA.

Why it matters — The update highlights revenue growth and progress toward positive operating results as Phathom works to expand access to VOQUEZNA.

Phathom Pharmaceuticals, Inc. (PHAT) Q3 2026 Earnings Call Transcript

Seeking Alpha · 29 Oct 2026neutral

Seeking Alpha published a transcript of Phathom Pharmaceuticals’ Q3 2026 earnings call. The provided excerpt contains no further details about the discussion.

Why it matters — The transcript may provide PHAT watchers with management’s commentary, but no specific business updates are included in the supplied text.

Phathom Pharmaceuticals, Inc. (PHAT) Lags Q3 Earnings and Revenue Estimates

Zacks Investment Research · 29 Oct 2026negative

Phathom Pharmaceuticals reported quarterly earnings of $0.04 per share, below the Zacks consensus estimate of $0.07. The company reported a loss of $0.15 per share a year earlier.

Why it matters — PHAT watchers may note that quarterly earnings fell short of the consensus estimate, despite improving from the prior-year loss.

FAQ

Frequently asked questions about PHAT stock

What is the PHAT stock price forecast for 2026-2027?

The 11 Wall Street analysts covering Phathom Pharmaceuticals, Inc. have a median 12-month price target of $22, with estimates ranging from $7.5 to $29. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is PHAT stock a buy right now?

Of the 11 analysts covering Phathom Pharmaceuticals, Inc., 10 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Phathom Pharmaceuticals, Inc. 82 out of 100 across roughly 4,600 US stocks as at 3 Nov 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank PHAT?

As at 3 Nov 2026, Phathom Pharmaceuticals, Inc. ranks 82 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (96 of 100).

Will PHAT stock go up?

No one can know that. What the data says: the median 12-month target from 11 analysts implies +278.5% from the last close, and Ticker Nerd's factor model ranks Phathom Pharmaceuticals, Inc. 82 out of 100 as at 3 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the PHAT stock forecast for 2030?

No analyst covering Phathom Pharmaceuticals, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for PHAT are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $7.5 to $29 over the next 12 months.

How has PHAT stock performed over the past year?

Phathom Pharmaceuticals, Inc. returned -57.9% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Phathom Pharmaceuticals, Inc. do?

Phathom Pharmaceuticals, Inc. is a biopharmaceutical company focused on developing and commercializing treatments for gastrointestinal diseases.

What is the latest news on PHAT?

The most recent item we track (GlobeNewsWire, 4 Nov 2026): "Phathom Pharmaceuticals to Participate in November Investor Conferences". Phathom Pharmaceuticals said members of its management team are scheduled to participate in the Guggenheim 3rd Annual Healthcare Innovation Conference in Boston on November 10, 2026, including a fireside chat at 3:00 p.m.

Company

About Phathom Pharmaceuticals, Inc.

Phathom Pharmaceuticals, Inc. is a biopharmaceutical company focused on developing and commercializing treatments for gastrointestinal diseases. The company’s commercial portfolio centers on vonoprazan-based therapies, including VOQUEZNA for the relief of heartburn associated with non-erosive and erosive GERD and the healing and maintenance of erosive GERD in adults. It also markets VOQUEZNA DUAL PAK and VOQUEZNA TRIPLE PAK for the treatment of Helicobacter pylori infection in adults. Phathom Pharmaceuticals operates as a specialist in acid-related GI disorders, combining research, product development, and commercialization to address conditions that affect the digestive system.

CEO Mr. Steven L. Basta M.B.A. · 371 employees · United States · https://www.phathompharma.com