Palatin Technologies, Inc. (PTN)
NYSEAMERICAN: PTN · IEX Real-Time Price · USD
1.730
+0.020 (1.17%)
At close: Jul 19, 2024, 4:00 PM
1.740
+0.010 (0.58%)
Pre-market: Jul 22, 2024, 6:46 AM EDT
Palatin Technologies Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for PTN stock has a target of 17, which predicts an increase of 882.66% from the current stock price of 1.73.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 20, 2024.
Analyst Ratings
According to 1 stock analyst, the rating for PTN is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Hold | 0 | 0 | 0 | 0 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 1 | 1 | 1 | 1 | 1 | 1 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +882.66% | Jun 20, 2024 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +882.66% | Jun 12, 2024 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +882.66% | May 15, 2024 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +882.66% | May 8, 2024 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +882.66% | May 2, 2024 |
Financial Forecast
Revenue This Year
4.17M
from 4.85M
Decreased by -14.13%
Revenue Next Year
5.30M
from 4.17M
Increased by 27.23%
EPS This Year
-2.04
from -2.53
EPS Next Year
-1.19
from -2.04
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | 4.3M | 7.9M | 78.2M | 160.0M | 137.5M | 540.9M |
Avg | 4.2M | 5.3M | 39.1M | 76.9M | 132.3M | 520.3M |
Low | 4.0M | 2.9M | 2.9M | n/a | 128.3M | 504.8M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | -10.4% | 88.9% | 1,374.8% | 308.8% | 78.7% | 309.0% |
Avg | -14.1% | 27.2% | 637.9% | 96.6% | 71.9% | 293.4% |
Low | -17.2% | -29.5% | -44.6% | - | 66.8% | 281.7% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | -2.02 | -0.76 | 1.97 | 5.92 | 0.55 | 3.76 |
Avg | -2.04 | -1.19 | 0.69 | 2.61 | 0.53 | 3.62 |
Low | -2.08 | -1.61 | -0.51 | -0.47 | 0.51 | 3.51 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | - | - | - | 762.3% | -79.0% | 615.7% |
Avg | - | - | - | 279.4% | -79.8% | 588.5% |
Low | - | - | - | - | -80.4% | 568.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.