The price of SWTX is predicted to go up -23.67%, based on the high correlation periods with SGMO. The similarity of these two price pattern on the periods is 90.92%.
SWTX
SGMO
Down: -23.67%Similarity: 90.92%
SWTX Revenue Forecast
SWTX EPS Forecast
SWTX FAQs
What is bull’s view on SWTX?
SWTX stock is currently trading at $37.50. Bulls anticipate significant upside due to the potential FDA approval of Mirdametinib by February 28, 2025, targeting a rare condition with no adult treatment options. Analysts maintain strong buy ratings, with price targets ranging from $60 to $78, implying an upside of 60%-92%.
What is bear's view on SWTX?
SWTX stock currently trades at $37.23, and bears may argue that its valuation is stretched given its reliance on FDA approval for Mirdametinib by February 28, 2025. If the approval is delayed or denied, the stock could face significant downside due to limited near-term catalysts. Additionally, the recent price target reductions by analysts (e.g., Guggenheim lowering from $80 to $78) reflect tempered expectations.
What is SWTX revenue forecast for next quarter?
The market consensus for SWTX's revenue in the upcoming quarter is projected to be approximately $68.555M USD.
What is SWTX eps forecast for next quarter?
The market consensus for SWTX's eps in the upcoming quarter is projected to be approximately $0.66 USD.
Evercore ISI analyst Cory Kasimov initiated coverage of SpringWorks Therapeutics with an Outperform rating and $60 price target. SpringWorks looks "well positioned" based on its first-in-class approved therapy for a rare oncology indication, Ogsiveo, the first and only FDA approved tx for desmoid tumors, and "the near-term potential to become a two-product story" with Mirdametinib, for which the firm sees a potential Q1 of 2025 approval, the analyst tells investors. Shares bouncing post a slight Q3 miss suggests "this is an attractive entry point with solid, underlying market dynamics carrying greater weight," the analyst added.