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Foghorn Therapeutics
(NASDAQ:FHTX)
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Rating:44Neutral
Price Target:
$4.00
▼(-40.21% Downside)
Action:Reiterated
Date:08/06/26
The score is driven mainly by weak financial performance (large losses, heavy cash burn, and negative equity), partially offset by improving revenue. Technical indicators are broadly neutral with slightly negative momentum, while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Growing collaboration revenue
Revenue growth indicates that collaboration activity and related development economics are expanding despite the company’s clinical stage. A higher revenue base can provide additional support for research investment and may improve operating leverage if partnership milestones and funding continue over the next several quarters.
Negative Factors
Deep and persistent losses
Large ongoing losses show that the current business is not self-funding and remains dependent on future partnerships, financing, or successful commercialization. The deeply negative margin also limits the company’s ability to absorb development setbacks while maintaining investment across its broad pipeline.
Read all positive and negative factors
Positive Factors
Negative Factors
Growing collaboration revenue
Revenue growth indicates that collaboration activity and related development economics are expanding despite the company’s clinical stage. A higher revenue base can provide additional support for research investment and may improve operating leverage if partnership milestones and funding continue over the next several quarters.
Read all positive factors
Foghorn Therapeutics (FHTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$249.42M
Dividend YieldN/A
Average Volume (3M)363.63K
Price to Earnings (P/E)―
Beta (1Y)1.68
Revenue Growth51.98%
EPS Growth17.68%
CountryUS
Employees106
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.99
Shares Outstanding59,385,315
10 Day Avg. Volume303,553
30 Day Avg. Volume363,630
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)-3.13
Price to Sales (P/S)11.00
P/FCF Ratio-3.95
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$11.67Price Target Upside74.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-0.91
Revenue Forecast (FY)$33.99M
Foghorn Therapeutics Business Overview & Revenue Model
Company Description
Foghorn Therapeutics Inc. is a clinical-stage biopharmaceutical company dedicated to discovering and developing medicines. Their focus is on addressing genetically determined vulnerabilities within the chromatin regulatory system. The company empl...
How the Company Makes Money
Foghorn Therapeutics does not primarily generate revenue from commercial product sales because it is a clinical-stage company and, to the extent publicly disclosed, has no approved products on the market. Its revenue, when reported, is primarily d...
Foghorn Therapeutics Financial Statement Overview
Summary
Income Statement
23
Negative
Balance Sheet
18
Very Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.74M | 30.91M | 22.60M | 34.16M | 19.23M | 1.32M |
| Gross Profit | 15.70M | 27.58M | 22.60M | 34.16M | 19.23M | 1.32M |
| EBITDA | -62.49M | -70.95M | -97.17M | -90.75M | -105.56M | -96.19M |
| Net Income | -64.58M | -74.28M | -86.62M | -98.43M | -108.88M | -101.32M |
Balance Sheet | ||||||
| Total Assets | 203.39M | 198.10M | 283.98M | 285.92M | 404.88M | 519.77M |
| Cash, Cash Equivalents and Short-Term Investments | 167.58M | 158.89M | 243.75M | 234.06M | 345.80M | 154.29M |
| Total Debt | 43.10M | 41.27M | 37.13M | 45.07M | 51.51M | 58.33M |
| Total Liabilities | 284.43M | 306.60M | 329.51M | 363.11M | 404.77M | 422.90M |
| Stockholders Equity | -81.04M | -108.50M | -45.53M | -77.19M | 112.00K | 96.87M |
Cash Flow | ||||||
| Free Cash Flow | -85.35M | -86.15M | -101.31M | -119.33M | 192.40M | -53.56M |
| Operating Cash Flow | -85.30M | -86.10M | -100.41M | -118.11M | 193.61M | -50.25M |
| Investing Cash Flow | 28.12M | 112.04M | -29.90M | 144.45M | -244.32M | 36.17M |
| Financing Cash Flow | 608.00K | 1.02M | 105.43M | 1.78M | 1.76M | 22.42M |
Foghorn Therapeutics Technical Analysis
Negative
6.69
Price Trends
5.47
Negative
4.92
Negative
5.09
Negative
Market Momentum
-0.47
Positive
26.54
Positive
9.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FHTX, the sentiment is Negative. The current price of 6.69 is above the 20-day moving average (MA) of 5.27, above the 50-day MA of 5.47, and above the 200-day MA of 5.09, indicating a bearish trend. The MACD of -0.47 indicates Positive momentum. The RSI at 26.54 is Positive, neither overbought nor oversold. The STOCH value of 9.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FHTX.
Foghorn Therapeutics Risk Analysis
Foghorn Therapeutics disclosed 54 risk factors in its most recent earnings report. Foghorn Therapeutics reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Foghorn Therapeutics Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
51 Neutral | $287.64M | -3.11 | -28.54% | ― | ― | 0.04% | |
48 Neutral | $240.60M | -1.50 | -90.30% | ― | ― | 48.20% | |
48 Neutral | $420.13M | -3.39 | -45.45% | ― | 2.33% | 36.86% | |
45 Neutral | $291.59M | -1.26 | -87.95% | ― | -100.00% | 14.08% | |
44 Neutral | $249.42M | -4.18 | 72.64% | ― | 51.98% | 17.68% | |
42 Neutral | $40.60M | -0.08 | 77.63% | ― | 6.81% | 11.95% |
* Healthcare Sector Average
FHTX
Foghorn Therapeutics
4.14
-0.88
-17.53%
KPTI
Karyopharm Therapeutics
1.88
-3.53
-65.25%
FULC
Fulcrum Therapeutics
3.76
-3.63
-49.12%
ZNTL
Zentalis Pharmaceuticals
3.11
1.59
104.61%
ALXO
ALX Oncology Holdings
1.70
0.49
40.50%
CCCC
C4 Therapeutics
3.39
0.23
7.28%
Foghorn Therapeutics Corporate Events
Business Operations and StrategyFinancial Disclosures
Foghorn Therapeutics Reports Q2 Results and Pipeline Progress
Positive
Aug 6, 2026
On August 6, 2026, Foghorn Therapeutics reported second-quarter 2026 results and a corporate update, highlighting progress across its oncology and immunology pipeline and collaboration with Eli Lilly. The company’s Phase 1 trial of SMARCA2 i...
Executive/Board ChangesShareholder Meetings
Foghorn Therapeutics Stockholders Approve Directors and Governance Matters
Positive
Jun 24, 2026
At its June 24, 2026 annual meeting, Foghorn Therapeutics stockholders re-elected Douglas Cole, Balkrishan (Simba) Gill and B. Lynne Parshall as Class III directors to serve until the 2029 meeting, reinforcing continuity in the company’s boa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.