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NASDAQ: PRAX
Praxis Precision Medicines Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for PRAX

Based on 4 analysts offering 12 month price targets for Praxis Precision Medicines Inc.
Min Forecast
$29.00-43.29%
Avg Forecast
$103.00+101.41%
Max Forecast
$150.00+193.31%

Should I buy or sell PRAX stock?

Based on 4 analysts offering ratings for Praxis Precision Medicines Inc.
Strong Buy
Strong Buy
2 analysts 50%
Buy
1 analysts 25%
Hold
1 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their PRAX stock forecasts and price targets.

PRAX stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-03-26
lockedlocked$00.00+00.00%2024-03-26
lockedlocked$00.00+00.00%2024-01-12
lockedlocked$00.00+00.00%2023-12-04

1 of 1

Forecast return on equity

Is PRAX forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.42%

Forecast return on assets

Is PRAX forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

PRAX revenue forecast

What is PRAX's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$3.5M+40.99%
Avg 2 year Forecast
$4.4M+80.63%
Avg 3 year Forecast
$101.4M+4,043.52%
PRAX's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PRAX revenue growth forecast

How is PRAX forecast to perform vs Biotechnology companies and vs the US market?
Company
234.75%
Industry
37.5%
Market
10.08%
PRAX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PRAX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PRAX vs Biotech Stocks

TickerPricePrice TargetUp/downsideConsensus
PRAX$51.14$103.00+101.41%Strong Buy
NRIX$13.75$21.33+55.15%Buy
COGT$6.54$13.67+108.98%Buy
IRON$27.30$69.60+154.95%Buy
YMAB$15.29$24.33+59.14%Strong Buy
View Top Biotech Stocks

Praxis Precision Medicines Stock Forecast FAQ

Is Praxis Precision Medicines Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NASDAQ: PRAX) stock is to Strong Buy PRAX stock.

Out of 4 analysts, 2 (50%) are recommending PRAX as a Strong Buy, 1 (25%) are recommending PRAX as a Buy, 1 (25%) are recommending PRAX as a Hold, 0 (0%) are recommending PRAX as a Sell, and 0 (0%) are recommending PRAX as a Strong Sell.

If you're new to stock investing, here's how to buy Praxis Precision Medicines stock.

What is PRAX's revenue growth forecast for 2024-2026?

(NASDAQ: PRAX) Praxis Precision Medicines's forecast annual revenue growth rate of 234.75% is forecast to beat the US Biotechnology industry's average forecast revenue growth rate of 37.5%, and it is also forecast to beat the US market's average forecast revenue growth rate of 10.08%.

Praxis Precision Medicines's revenue in 2024 is $2,447,000.On average, 4 Wall Street analysts forecast PRAX's revenue for 2024 to be $45,672,304, with the lowest PRAX revenue forecast at $10,590,679, and the highest PRAX revenue forecast at $66,191,745. On average, 2 Wall Street analysts forecast PRAX's revenue for 2025 to be $58,513,503, with the lowest PRAX revenue forecast at $39,715,047, and the highest PRAX revenue forecast at $77,311,958.

In 2026, PRAX is forecast to generate $1,342,262,682 in revenue, with the lowest revenue forecast at $96,772,331 and the highest revenue forecast at $3,387,958,276.

What is PRAX's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: PRAX) forecast ROA is N/A, which is lower than the forecast US Biotechnology industry average of N/A.

What is PRAX's Price Target?

According to 4 Wall Street analysts that have issued a 1 year PRAX price target, the average PRAX price target is $103.00, with the highest PRAX stock price forecast at $150.00 and the lowest PRAX stock price forecast at $29.00.

On average, Wall Street analysts predict that Praxis Precision Medicines's share price could reach $103.00 by Mar 26, 2025. The average Praxis Precision Medicines stock price prediction forecasts a potential upside of 101.41% from the current PRAX share price of $51.14.

What is PRAX's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: PRAX) forecast ROE is N/A, which is considered weak.
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