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PHAT
Volume: 12

Phathom Pharmaceuticals (PHAT) Stock Forecast & Price Target

Phathom Pharmaceuticals (PHAT) Analyst Ratings

Based on 5 analyst ratings
Buy
Strong Buy 60%
Buy 20%
Hold 20%
Sell 0%
Strong Sell 0%

Bulls say

Phathom Pharmaceuticals is positioned for upside because VOQUEZNA is the only FDA-approved P-CAB in the US, backed by strong clinical differentiation in erosive GERD, non-erosive GERD, and H. pylori, including 93% healing versus 85% for lansoprazole and markedly better eradication in clarithromycin-resistant infections. The commercial setup is also improving, with >80% of commercial lives covered, launch frictions easing after the May 2025 restructuring, and sales rising from $55MM in 2024 to 2026 guidance of $310–325MM, while EBITDA profitability is expected in 2026. Additional upside comes from a sizable GI TAM, potential EoE data in 4Q26, and patent protection currently assumed through 2032, which could support sustained growth and margin expansion.

Bears say

Phathom Pharmaceuticals is facing a challenging setup because VOQUEZNA’s growth is being held back by persistent access friction, prior authorization hurdles, and generic PPI step edits that slow adoption in a heavily commoditized GERD market. The company’s commercial momentum is further clouded by a $130MM stock offering at $16 per share, softer 2Q results, and the prospect of a 2027 tegoprazan launch that could pressure share and pricing, limiting peak sales to an estimated $1.14Bn versus consensus of $1.17Bn in 2032. Its balance sheet also adds risk, as the $300MM secured Hercules term loan is backed by nearly all assets and carries restrictive cash covenants that could force costly renegotiation if performance slips.

Phathom Pharmaceuticals (PHAT) has been analyzed by 5 analysts, with a consensus rating of Buy. 60% of analysts recommend a Strong Buy, 20% recommend Buy, 20% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Phathom Pharmaceuticals and is not a guaranteed prediction by Public.com or investment advice.

Phathom Pharmaceuticals (PHAT) Analyst Forecast & Price Prediction

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FAQs About Phathom Pharmaceuticals (PHAT) Forecast

Analysts have given Phathom Pharmaceuticals (PHAT) a Buy based on their latest research and market trends.

According to 5 analysts, Phathom Pharmaceuticals (PHAT) has a Buy consensus rating as of Nov 13, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $18.80, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $18.80, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Phathom Pharmaceuticals (PHAT)

Volume: 12

Phathom Pharmaceuticals (PHAT) Analyst Forecast & Price Prediction

Get the latest Phathom Pharmaceuticals (PHAT) stock forecast, including analyst ratings and price predictions, with real-time AI-powered fundamental data and custom analysis

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