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Investing.com - TD Cowen has raised its price target on PTC (NASDAQ:PTC) Therapeutics (NASDAQ:PTCT) to $56.00 from $52.00 while maintaining a Hold rating on the stock. The company, currently valued at approximately $4 billion, has demonstrated remarkable growth with revenue increasing by 91% in the last twelve months. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value assessment.
The firm cited the successful launch of Sephience in both the U.S. and European markets as a key factor in its decision. TD Cowen noted that the launch trajectory of this medication will likely be the main driver of stock performance in the near to medium term as the company’s Duchenne muscular dystrophy (DMD) franchise diminishes in importance. InvestingPro data shows strong financial health indicators, with liquid assets exceeding short-term obligations and a moderate debt level.
Based on pricing, exclusivity assumptions, and key opinion leader feedback, TD Cowen has increased its worldwide peak sales estimate for Sephience to $1 billion.
The firm also highlighted the upcoming FDA decision on vatiquinone, with a PDUFA date set for August 19, 2025. While TD Cowen acknowledged regulatory risks associated with this decision, it characterized the potential outcome as "largely upside" for PTC Therapeutics.
Despite the price target increase, TD Cowen maintained its Hold rating on PTC Therapeutics stock, suggesting a cautious outlook while recognizing the positive developments in the company’s product pipeline.
In other recent news, PTC Therapeutics Inc. reported its financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of -0.83, beating the forecasted -1.06. Additionally, PTC Therapeutics’ revenue reached $179 million, exceeding the anticipated $171.74 million. These results highlight the company’s stronger-than-expected financial performance during this period. Despite the positive earnings outcome, the stock experienced a decline in premarket trading. Investors may find these developments noteworthy as they reflect the company’s ability to outperform market predictions. The earnings report provides a factual basis for assessing PTC Therapeutics’ recent financial health. These updates are part of the ongoing developments surrounding the company.
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