Analyst Expectations For Mirati Therapeutics's Future
Portfolio Pulse from Benzinga Insights
Mirati Therapeutics (NASDAQ:MRTX) has received mixed analyst ratings over the past quarter, with 11 analysts offering diverse opinions. The average 12-month price target for MRTX is $64.09, with a high estimate of $83.00 and a low of $58.00, reflecting a 7.34% increase from the previous target of $59.71. Analysts from Citigroup, Leerink Partners, Stifel, Piper Sandler, B. Riley Securities, Scotiabank, Jefferies, BMO Capital, and JMP Securities have adjusted their ratings and price targets, indicating a range of expectations for the company's performance. Mirati Therapeutics, a clinical-stage oncology company, has shown a revenue growth rate of 201.97% as of September 30, 2023, but struggles with a net margin of -987.22% and an ROA of -15.84%, despite a strong ROE of -19.33% and a low debt-to-equity ratio of 0.05.
December 20, 2023 | 12:00 pm
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NEUTRAL IMPACT
Mirati Therapeutics has a diverse range of analyst ratings and an increased average price target of $64.09. The company shows strong revenue growth but faces profitability challenges.
The mixed analyst ratings and the recent increase in the average price target suggest a neutral short-term impact on MRTX's stock price. The strong revenue growth is positive, but the high net margin loss and low ROA may concern investors. The strong ROE and low debt levels are favorable, but the overall impact is balanced by the diverse analyst opinions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100