Travere Therapeutics rises amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 24 Dec 25
Source: SeekingAlpha
Travere Therapeutics Inc's stock surged by 15.38%, crossing above the 5-day SMA, reflecting a strong performance in the biotech sector.
This increase is attributed to the broader market strength, with the Nasdaq-100 up 0.30% and the S&P 500 up 0.36%. The positive sentiment in the market is likely encouraging investors to seek opportunities in biotech stocks, contributing to Travere's price movement.
The implications of this rise suggest a growing investor confidence in the biotech sector, potentially driven by recent positive developments in drug approvals and acquisitions within the industry.
Analyst Views on TVTX
Wall Street analysts forecast TVTX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TVTX is 42.89 USD with a low forecast of 31.00 USD and a high forecast of 49.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 30.280
Low
31.00
Averages
42.89
High
49.00
Current: 30.280
Low
31.00
Averages
42.89
High
49.00
About TVTX
Travere Therapeutics, Inc. is a biopharmaceutical company. The Company is focused on identifying, developing, and delivering life-changing therapies to people living with rare kidney and metabolic diseases. Its product, FILSPARI (sparsentan), is indicated to reduce proteinuria in adults with primary IgAN at risk of rapid disease progression. FILSPARI is an oral, once-daily, non-immunosuppressive medication that directly targets glomerular injury in the kidney. Sparsentan is also in late-stage development for focal segmental glomerulosclerosis (FSGS). The Company’s Pegtibatinase is a novel investigational human enzyme replacement candidate being evaluated for the treatment of classical homocystinuria (HCU), which is a rare metabolic disorder. Its commercial products, Thiola and Thiola EC, are for the treatment of cystinuria, a rare genetic cystine transport disorder that causes high cystine levels in the urine and the formation of recurring kidney stones.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
