PHATHOM PHARMACEUTICALS INC.: BARCLAYS INCREASES TARGET PRICE FROM $16 TO $18
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 27 2026
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Source: moomoo
- Analyst Update: Barclays has raised the price target for Phathom Pharmaceuticals from $16 to $18.
- Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the pharmaceutical sector.
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Analyst Views on PHAT
Wall Street analysts forecast PHAT stock price to rise
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 11.580
Low
16.00
Averages
25.40
High
29.00
Current: 11.580
Low
16.00
Averages
25.40
High
29.00
About PHAT
Phathom Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on developing and commercializing novel treatments for gastrointestinal (GI) diseases. The Company’s product candidates include VOQUEZNA, VOQUEZNA TRIPLE PAK, and VOQUEZNA DUAL PAK. Its product candidate, VOQUEZNA, contains vonoprazan, an oral small molecule potassium-competitive acid blocker, or potassium-competitive acid blocker (PCAB). PCABs are a novel class of medicines that block acid secretion in the stomach. Vonoprazan has also demonstrated clinical benefits in the treatment of erosive gastroesophageal reflux disease (erosive GERD), and in combination with antibiotics for the treatment of Helicobacter pylori (H. pylori) infection. GERD and H. pylori infection are two of the most common acid-related GI diseases. GERD is a disease that develops when the reflux of acidic stomach contents causes troublesome symptoms and/or complications. H. pylori is a bacterial pathogen.
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.
- Investor Conference Schedule: Phathom Pharmaceuticals is set to participate in several investor conferences in May and June 2026, including the Craig-Hallum Annual Conference on May 28, where management will engage in one-on-one meetings to enhance investor relations.
- Key Conference Dates: The company will also attend the Jefferies Global Healthcare Conference on June 3 and the Goldman Sachs Global Healthcare Conference on June 9, with management participating in fireside chats to showcase the company's strategic direction and market potential.
- Webcast Access: Live webcasts and recordings of all events will be available on Phathom's website under the News & Events section, with recordings accessible for 90 days post-event, ensuring investors can obtain critical information at their convenience.
- Product Commercialization Progress: Phathom focuses on developing and commercializing novel treatments for gastrointestinal diseases, particularly its first-in-class drug vonoprazan, which has been launched in the U.S. market, demonstrating the company's innovative capabilities and competitive edge in the healthcare sector.
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- Earnings Announcement: Phathom Pharmaceuticals is set to release its Q1 earnings report on April 30 before market open, with a consensus EPS estimate of -$0.19, reflecting an 82.2% year-over-year improvement, indicating potential for enhanced profitability.
- Strong Revenue Expectations: The anticipated revenue for Q1 is $56.81 million, representing a 99.3% year-over-year increase, which suggests significant growth in market demand and product sales, likely to positively impact stock performance.
- Historical Performance Review: Over the past year, Phathom has beaten EPS and revenue estimates 75% of the time, showcasing reliability in market analysis and performance forecasting, which boosts investor confidence.
- Future Outlook: The company has set a revenue guidance target of $320 million to $345 million for 2026, aiming for operational profitability, reflecting its confidence and strategic planning for future growth.
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- Rating Upgrade: Barclays upgraded Phathom Pharmaceuticals (PHAT) from equal weight to overweight, reflecting confidence in the anticipated sales recovery of its heartburn drug Voquezna, with significant growth expected in Q2.
- Price Target Adjustment: The bank raised its price target for Phathom from $16 to $18, indicating approximately 67% upside based on the March 26 close, showcasing a positive outlook on the company's future performance.
- Improving Sales Trends: Despite a ~36% year-to-date decline in Phathom's stock price, analysts noted positive sales trends in March, particularly with prescriptions peaking on March 13, surpassing levels seen in Q4 2025, indicating a rebound in market demand.
- Strategic Commercial Focus: Phathom's targeted approach towards gastrointestinal providers rather than a broader GI and primary care focus may serve as a tailwind for increased adoption of Voquezna, suggesting that this strategic positioning could enhance market penetration.
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- Analyst Update: Barclays has raised the price target for Phathom Pharmaceuticals from $16 to $18.
- Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the pharmaceutical sector.
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- Adobe Options Volume: Adobe Inc saw options trading volume of 58,412 contracts, equivalent to approximately 5.8 million shares, representing about 88.3% of its average daily trading volume of 6.6 million shares over the past month, indicating strong market interest in its future performance.
- High Put Option Activity: Notably, the $290 strike put option has seen 5,001 contracts traded today, representing around 500,100 shares of Adobe, reflecting investor expectations for potential price declines.
- Phathom Options Activity: Phathom Pharmaceuticals Inc recorded an options trading volume of 10,012 contracts, equivalent to approximately 1.0 million shares, which is about 86.9% of its average daily trading volume of 1.2 million shares over the past month, showcasing significant market interest.
- Call Option Trading: For Phathom, the $7.50 strike call option has also seen a trading volume of 5,001 contracts today, representing approximately 500,100 shares, indicating investor confidence in the company's future price appreciation.
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- Market Size Growth: The H. pylori infection market is projected to reach $270 million by 2025, with the U.S. accounting for 85% of this market, indicating strong demand for new therapies and significant future market potential.
- Emerging Therapy Development: New therapies like Rifasutenizol from TenNor Therapeutics show over 90% eradication rates in clinical trials, potentially becoming the first innovative therapy for H. pylori, enhancing treatment efficacy and reducing resistance risks.
- Optimized Treatment Strategies: The incorporation of bismuth into triple therapy has increased eradication rates by 30-40%, reflecting effective strategies against antibiotic-resistant H. pylori and driving improvements in treatment standards.
- Adult-Pediatric Treatment Differences: Adult guidelines emphasize widespread eradication to lower gastric cancer risks, while pediatric recommendations require more cautious, targeted strategies, creating opportunities for personalized prevention and intervention programs.
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