Praxis Precision Medicines, Inc. (PRAX) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$337.95
Price Target
$544.40
Target Range
$83.00 — $843.00
Analyst Rating
Buy
Forward P/E—
Trailing P/E-25.1x
Forward PEG—
Implied Growth-11.2%
Median Target$500.00
Analyst Spread139.6%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$83
-75.4%
Consensus
$544
+61.1%
Bull Case
$843
+149.4%
PRAX Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Praxis Precision Medicines, Inc. (PRAX) has a Wall Street consensus price target of $544.40, based on estimates from 16 covering analysts. With the stock currently trading at $337.95, this represents a potential upside of +63.3%. The company has a market capitalization of $7.61B.
Analyst price targets range from a low of $83.00 to a high of $843.00, representing a 140% spread in expectations. The median target of $500.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, PRAX trades at a trailing P/E of -25.1x. Analysts expect EPS to grow -11.2% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Healthcare stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+1648.9%
Avg Forward P/E27.5x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 ACADACADIA Pharmaceuticals Inc. | $3.6B | $21.48 | $34.78 | +55.6% | Buy | 50.4x | 37 |
 NRIXNurix Therapeutics, Inc. | $1.7B | $16.88 | $31.83 | +91.7% | Buy | — | 17 |
 ARVNArvinas, Inc. | $656M | $10.26 | $13.00 | +22.5% | Buy | — | 26 |
 LGNDLigand Pharmaceuticals Incorporated | $4.6B | $232.55 | $267.75 | +15.3% | Buy | 26.1x | 17 |
 OVIDOvid Therapeutics Inc. | $362M | $2.78 | $3.50 | +23.7% | Buy | — | 14 |
 PTCTPTC Therapeutics, Inc. | $5.5B | $66.61 | $89.67 | +37.9% | Buy | — | 26 |
 KALAKALA BIO, Inc. | $855530 | $0.12 | $18.25 | +16180.1% | Buy | — | 9 |
 ENOVEnovis Corporation | $1.4B | $24.85 | $46.60 | +93.2% | Buy | 6.7x | 13 |
 ILMNIllumina, Inc. | $21.7B | $142.58 | $147.38 | +6.0% | Buy | 26.8x | 50 |
 PACBPacific Biosciences of California, Inc. | $516M | $1.71 | $1.00 | -36.7% | Buy | — | 18 |
Upside Potential Comparison
KALAENOVNRIXACADPTCTOVIDARVNLGNDSee PRAX's True Return
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Start ComparisonPRAX — Frequently Asked Questions
Quick answers to the most common questions about buying PRAX stock.
What is the PRAX stock price target for 2026?
The consensus Wall Street price target for PRAX is $544.4, representing 63.3% upside from the current price of $337.95. With 16 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is PRAX a buy, sell, or hold?
PRAX has a consensus rating of "Buy" based on 16 Wall Street analysts. The rating breakdown is predominantly bullish, with 12 Buy/Strong Buy ratings. The consensus 12-month price target of $544.4 implies 63.3% upside from current levels.
Is PRAX stock overvalued or undervalued?
PRAX's current price is $337.95 with a consensus target of $544.4 (63.3% implied move). Analyst estimates suggest the stock is undervalued at current levels.
How high can PRAX stock go?
The most bullish Wall Street analyst has a price target of $843 for PRAX, while the most conservative target is $83. The consensus of $544.4 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover PRAX stock?
PRAX is well covered by analysts, with 16 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 3 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the PRAX stock forecast?
The 12-month PRAX stock forecast based on 16 Wall Street analysts shows a consensus price target of $544.4, with estimates ranging from $83 (bear case) to $843 (bull case). The median consensus rating is "Buy".
Should I buy PRAX stock?
Wall Street analysts are very optimistic on PRAX, with a "Buy" consensus rating and $544.4 price target (63.3% upside). 12 of 16 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do PRAX price targets vary so much?
PRAX analyst price targets range from $83 to $843, a 140% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $544.4 consensus represents the middle ground.