Palatin Technologies, Inc. (PTN)
NYSEAMERICAN: PTN · IEX Real-Time Price · USD
1.870
+0.050 (2.75%)
At close: Apr 16, 2024, 4:00 PM
1.900
+0.030 (1.60%)
After-hours: Apr 16, 2024, 7:22 PM 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 809.09% from the current stock price of 1.87.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $17 $17 $17 $17
Change +809.09% +809.09% +809.09% +809.09%
* 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 '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 222111
Buy 000000
Hold 000000
Sell 000000
Strong Sell 000000
Total 222111

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 +809.09% Feb 28, 2024
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$70
Strong Buy Reiterates $70 +3,643.32% Feb 15, 2024
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$70
Strong Buy Reiterates $70 +3,643.32% Aug 10, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$70
Strong Buy Reiterates $70 +3,643.32% Aug 8, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$70
Strong Buy Reiterates $70 +3,643.32% Aug 7, 2023
More Analyst Ratings

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
Year 2019202020212022202320242025202620272028
Revenue
60.30M117.99K-188.60K1.47M4.85M4.34M7.55M43.49M22.44M30.20M
Revenue Growth
-10.18%-99.80%--230.53%-10.62%74.14%475.77%-48.41%34.58%
EPS
4.00-2.50-3.55-3.79-2.53-2.15-0.970.55-0.32-0.21
EPS Growth
33.33%---------
No. Analysts -----43322
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.