Palatin Technologies, Inc. (PTN)
NYSEAMERICAN: PTN · IEX Real-Time Price · USD
1.840
-0.050 (-2.65%)
Apr 19, 2024, 4:00 PM EDT - Market closed
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 823.91% from the current stock price of 1.84.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 28, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 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 | 2 | 2 | 2 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $70 → $17 | Strong Buy | Maintains | $70 → $17 | +823.91% | Feb 28, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $70 | Strong Buy | Reiterates | $70 | +3,704.35% | Feb 15, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $70 | Strong Buy | Reiterates | $70 | +3,704.35% | Aug 10, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $70 | Strong Buy | Reiterates | $70 | +3,704.35% | Aug 8, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $70 | Strong Buy | Reiterates | $70 | +3,704.35% | Aug 7, 2023 |
Financial Forecast
Revenue This Year
4.34M
from 4.85M
Decreased by -10.62%
Revenue Next Year
7.55M
from 4.34M
Increased by 74.14%
EPS This Year
-2.15
from -2.53
EPS Next Year
-0.97
from -2.15
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.9M | 12.6M | 78.2M | 23.3M | 31.4M |
| Avg | 4.3M | 7.6M | 43.5M | 22.4M | 30.2M |
| Low | 4.0M | 2.9M | 11.4M | 21.8M | 29.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.5% | 189.4% | 935.3% | -46.4% | 39.9% |
| Avg | -10.6% | 74.1% | 475.8% | -48.4% | 34.6% |
| Low | -17.2% | -32.2% | 51.0% | -49.9% | 30.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -1.73 | -0.69 | 1.55 | -0.34 | -0.22 |
| Avg | -2.15 | -0.97 | 0.55 | -0.32 | -0.21 |
| Low | -3.00 | -1.23 | -0.38 | -0.31 | -0.21 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | - |
| Avg | - | - | - | - | - |
| Low | - | - | - | - | - |
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.