In this article:

William Blair Reaffirms Their Buy Rating on PTC Therapeutics (PTCT)

In this article:
In this article:

William Blair analyst Raju Prasad maintained a Buy rating on PTC Therapeutics (PTCTResearch Report) on May 3. The company’s shares closed last Friday at $33.34, close to its 52-week low of $32.45.

According to, Prasad is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.4% and a 36.2% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Rocket Pharmaceuticals, and Intellia Therapeutics.

PTC Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $51.43, implying a 48.6% upside from current levels. In a report issued on April 25, J.P. Morgan also maintained a Buy rating on the stock with a $79.00 price target.

See the top stocks recommended by analysts >>

The company has a one-year high of $45.80 and a one-year low of $32.45. Currently, PTC Therapeutics has an average volume of 566.8K.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PTCT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PTC Therapeutics, Inc. is a biopharmaceutical company, which engages in the discovery and commercialization of clinically-differentiated medicines. It focuses on the development of new treatments for multiple therapeutic areas, including rare diseases and oncology. The company was founded by Allan Steven Jacobson and Stuart W. Peltz on March 31, 1998 and is headquartered in South Plainfield, NJ.

Read More on PTCT:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More