MeiraGTx (MGTX) Stock Forecast, Price Target & Predictions
MGTX Stock Forecast
MeiraGTx stock forecast is as follows: an average price target of $9.00 (represents a 111.76% upside from MGTX’s last price of $4.25) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.
MGTX Price Target
The average price target for MeiraGTx (MGTX) is $9.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $9.00 to $9.00. This represents a potential 111.76% upside from MGTX's last price of $4.25.
MGTX Analyst Ratings
According to 1 Wall Street analysts, MeiraGTx's rating consensus is 'Buy'. The analyst rating breakdown for MGTX stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MeiraGTx Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 13, 2024 | Luca Issi | RBC Capital | $9.00 | $4.02 | 123.88% | 111.76% |
The latest MeiraGTx stock forecast, released on Aug 13, 2024 by Luca Issi from RBC Capital, set a price target of $9.00, which represents a 123.88% increase from the stock price at the time of the forecast ($4.02), and a 111.76% increase from MGTX last price ($4.25).
MeiraGTx Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $9.00 | $9.00 |
| Last Closing Price | $4.25 | $4.25 | $4.25 |
| Upside/Downside | -100.00% | 111.76% | 111.76% |
In the current month, the average price target of MeiraGTx stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MeiraGTx's last price of $4.25. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 13, 2024 | RBC Capital | Outperform | Outperform | Hold |
MeiraGTx's last stock rating was published by RBC Capital on Aug 13, 2024. The company gave MGTX a "Outperform" rating, the same as its previous rate.
MeiraGTx Financial Forecast
MeiraGTx Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $2.04M | $5.10M | - | $3.33M | $-5.29M | $4.82M | - | $5.63M | $4.38M | $6.95M | $5.12M | $4.59M | $3.79M | $5.09M | $2.47M | $4.21M | $3.58M | $1.98M | $784.96K |
| Avg Forecast | $187.21M | $16.98M | $14.17M | $9.95M | $1.63M | $1.63M | $9.70M | $9.70M | $6.56M | $3.27M | $4.17M | $4.87M | $10.90M | $6.99M | $5.82M | $4.08M | $2.40M | $2.25M | $1.43M | $5.68M | $907.02K | $2.70M | $1.65M | $700.00K | $863.46K | $2.50K | $810.28K |
| High Forecast | $346.68M | $31.45M | $26.24M | $18.42M | $3.01M | $3.01M | $17.96M | $17.96M | $12.15M | $6.06M | $7.72M | $9.01M | $20.19M | $12.95M | $5.82M | $5.13M | $3.01M | $2.83M | $1.80M | $7.13M | $1.14M | $3.39M | $1.98M | $879.36K | $1.08M | $3.14K | $972.34K |
| Low Forecast | $28.89M | $2.62M | $2.19M | $1.53M | $250.77K | $250.77K | $1.50M | $1.50M | $1.01M | $504.63K | $643.05K | $750.77K | $1.68M | $1.08M | $5.82M | $3.03M | $1.78M | $1.67M | $1.07M | $4.22M | $674.27K | $2.01M | $1.32M | $520.37K | $641.88K | $1.86K | $648.22K |
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | 7 | 7 | 7 | 7 | 10 | 10 | 15 | 10 | 4 | 4 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | 0.31% | 1.56% | - | 0.69% | -0.49% | 0.69% | - | 1.38% | 1.83% | 3.09% | 3.57% | 0.81% | 4.18% | 1.89% | 1.50% | 6.01% | 4.15% | 792.67% | 0.97% |
MeiraGTx's average Quarter revenue forecast for Mar 24 based on 0 analysts is $9.70M, with a low forecast of $1.50M, and a high forecast of $17.96M. MGTX's average Quarter revenue forecast represents a 375.49% increase compared to the company's last Quarter revenue of $2.04M (Dec 23).
MeiraGTx EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | 7 | 7 | 7 | 7 | 10 | 10 | 15 | 10 | 4 | 4 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | $-43.75M | $-28.76M | $-28.79M | $-31.16M | $-37.77M | $-20.49M | - | $-26.60M | $-10.37M | $-23.85M | $-18.02M | $-21.80M | $1.38M | $-5.33M | $-24.44M | $-14.83M | $-10.26M | $-20.37M | $-17.47M |
| Avg Forecast | $-187.21M | $-16.98M | $-14.17M | $-9.95M | $-1.63M | $-1.63M | $-9.70M | $-9.70M | $-6.56M | $-3.27M | $-4.17M | $-4.87M | $-10.90M | $-19.30M | $-5.82M | $-18.86M | $-2.40M | $-20.64M | $-20.40M | $-15.57M | $-907.02K | $-8.43M | $-13.44M | $-16.38M | $-13.14M | $-35.52M | $-18.02M |
| High Forecast | $-28.89M | $-2.62M | $-2.19M | $-1.53M | $-250.77K | $-250.77K | $-1.50M | $-1.50M | $-1.01M | $-504.63K | $-643.05K | $-750.77K | $-1.68M | $-15.44M | $-5.82M | $-15.09M | $-1.78M | $-16.51M | $-16.32M | $-12.46M | $-674.27K | $-6.75M | $-10.76M | $-13.10M | $-10.51M | $-28.41M | $-14.41M |
| Low Forecast | $-346.68M | $-31.45M | $-26.24M | $-18.42M | $-3.01M | $-3.01M | $-17.96M | $-17.96M | $-12.15M | $-6.06M | $-7.72M | $-9.01M | $-20.19M | $-23.16M | $-5.82M | $-22.64M | $-3.01M | $-24.77M | $-24.48M | $-18.69M | $-1.14M | $-10.12M | $-16.13M | $-19.65M | $-15.76M | $-42.62M | $-21.62M |
| Surprise % | - | - | - | - | - | - | - | - | 6.67% | 8.80% | 6.91% | 6.41% | 3.46% | 1.06% | - | 1.41% | 4.32% | 1.16% | 0.88% | 1.40% | -1.52% | 0.63% | 1.82% | 0.91% | 0.78% | 0.57% | 0.97% |
7 analysts predict MGTX's average Quarter EBITDA for Mar 21 to be $-15.57M, with a high of $-12.46M and a low of $-18.69M. This is -1231.35% lower than MeiraGTx's previous annual EBITDA (Dec 20) of $1.38M.
MeiraGTx Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | 7 | 7 | 7 | 7 | 10 | 10 | 15 | 10 | 4 | 4 | 10 |
| Net Income | - | - | - | - | - | - | - | - | $20.21M | $-44.30M | $-29.58M | $-32.03M | $-13.57M | $-51.76M | - | $-33.36M | $-12.16M | $-25.95M | $-20.09M | $-23.62M | $-10.46K | $-6.43M | $-25.42M | $-15.68M | $-10.46M | $-20.82M | $-17.98M |
| Avg Forecast | $75.96M | $16.74M | $12.55M | $9.98M | $-34.76M | $-33.80M | $-25.75M | $-32.51M | $1.61M | $-35.19M | $-35.25M | $-42.27M | $-37.45M | $-20.99M | $-41.00M | $-20.30M | $-32.18M | $-22.45M | $-22.74M | $-16.87M | $-44.27M | $-10.17M | $-13.98M | $-17.31M | $-13.40M | $-36.31M | $-18.54M |
| High Forecast | $160.09M | $35.27M | $26.45M | $21.03M | $3.45M | $3.36M | $2.56M | $3.23M | $3.39M | $3.50M | $3.50M | $4.20M | $3.72M | $-16.79M | $-41.00M | $-16.24M | $-21.45M | $-17.96M | $-18.19M | $-13.50M | $-29.50M | $-8.14M | $-11.18M | $-13.85M | $-10.72M | $-29.05M | $-14.84M |
| Low Forecast | $-7.55M | $-1.66M | $-1.25M | $-991.67K | $-73.26M | $-71.23M | $-54.27M | $-68.51M | $-159.95K | $-74.17M | $-74.28M | $-89.09M | $-78.91M | $-25.19M | $-41.00M | $-24.36M | $-42.90M | $-26.94M | $-27.29M | $-20.24M | $-59.01M | $-12.21M | $-16.78M | $-20.78M | $-16.08M | $-43.57M | $-22.25M |
| Surprise % | - | - | - | - | - | - | - | - | 12.56% | 1.26% | 0.84% | 0.76% | 0.36% | 2.47% | - | 1.64% | 0.38% | 1.16% | 0.88% | 1.40% | 0.00% | 0.63% | 1.82% | 0.91% | 0.78% | 0.57% | 0.97% |
MeiraGTx's average Quarter net income forecast for Mar 24 is $-32.51M, with a range of $-68.51M to $3.23M. MGTX's average Quarter net income forecast represents a -260.82% decrease compared to the company's last Quarter net income of $20.21M (Dec 23).
MeiraGTx SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | 7 | 7 | 7 | 7 | 10 | 10 | 15 | 10 | 4 | 4 | 10 |
| SG&A | - | - | - | - | - | - | - | - | $12.12M | $10.01M | $12.39M | $12.77M | $14.00M | $10.76M | - | $11.27M | $15.55M | $7.89M | $10.41M | $9.92M | $12.01M | $8.90M | $11.50M | $11.81M | $9.87M | $13.44M | $8.50M |
| Avg Forecast | $481.25M | $43.66M | $36.43M | $25.57M | $4.18M | $4.18M | $24.94M | $24.94M | $16.87M | $8.41M | $10.71M | $12.51M | $28.03M | $6.38M | $14.95M | $10.49M | $6.17M | $5.78M | $3.68M | $14.59M | $2.33M | $6.94M | $4.24M | $1.80M | $2.22M | $6.43K | $2.08M |
| High Forecast | $891.21M | $80.86M | $67.45M | $47.35M | $7.74M | $7.74M | $46.18M | $46.18M | $31.24M | $15.57M | $19.84M | $23.16M | $51.90M | $7.66M | $14.95M | $13.18M | $7.75M | $7.27M | $4.63M | $18.33M | $2.93M | $8.72M | $5.09M | $2.26M | $2.79M | $8.07K | $2.50M |
| Low Forecast | $74.27M | $6.74M | $5.62M | $3.95M | $644.65K | $644.65K | $3.85M | $3.85M | $2.60M | $1.30M | $1.65M | $1.93M | $4.33M | $5.11M | $14.95M | $7.80M | $4.59M | $4.30M | $2.74M | $10.85M | $1.73M | $5.16M | $3.39M | $1.34M | $1.65M | $4.78K | $1.67M |
| Surprise % | - | - | - | - | - | - | - | - | 0.72% | 1.19% | 1.16% | 1.02% | 0.50% | 1.69% | - | 1.07% | 2.52% | 1.36% | 2.82% | 0.68% | 5.15% | 1.28% | 2.71% | 6.56% | 4.45% | 2091.06% | 4.08% |
MeiraGTx's average Quarter SG&A projection for Mar 24 is $24.94M, based on 0 Wall Street analysts, with a range of $3.85M to $46.18M. The forecast indicates a 105.67% rise compared to MGTX last annual SG&A of $12.12M (Dec 23).
MeiraGTx EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | 1 | - | - | 1 | - | - | - | - | - | - | - | 7 | 7 | 7 | 7 | 10 | 10 | 15 | 10 | 4 | 4 | 10 |
| EPS | - | - | - | - | - | - | - | - | $0.42 | $-0.74 | $-0.00 | $-0.66 | $-0.31 | $-1.16 | - | $-0.75 | $-0.28 | $-0.59 | $-0.46 | $-0.54 | $-0.00 | $-0.17 | $-0.69 | $-0.43 | $-0.30 | $-0.63 | $-0.62 |
| Avg Forecast | $1.18 | $0.26 | $0.20 | $0.15 | $-0.54 | $-0.53 | $-0.40 | $-0.51 | $0.03 | $-0.55 | $-0.55 | $-0.66 | $-0.58 | $-0.64 | $-0.64 | $-0.49 | $-0.51 | $-0.54 | $-0.40 | $-0.30 | $-0.70 | $-0.46 | $-0.48 | $-0.52 | $-0.16 | $-0.64 | $-0.66 |
| High Forecast | $2.49 | $0.55 | $0.41 | $0.33 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.06 | $0.06 | $-0.64 | $-0.33 | $-0.34 | $-0.36 | $-0.27 | $-0.20 | $-0.46 | $-0.31 | $-0.32 | $-0.34 | $-0.11 | $-0.43 | $-0.53 |
| Low Forecast | $-0.12 | $-0.03 | $-0.02 | $-0.02 | $-1.14 | $-1.11 | $-0.84 | $-1.06 | $-0.00 | $-1.15 | $-1.15 | $-1.38 | $-1.23 | $-1.35 | $-0.64 | $-0.66 | $-0.67 | $-0.72 | $-0.53 | $-0.40 | $-0.93 | $-0.61 | $-0.64 | $-0.69 | $-0.21 | $-0.85 | $-0.79 |
| Surprise % | - | - | - | - | - | - | - | - | 16.80% | 1.35% | 0.00% | 1.01% | 0.53% | 1.81% | - | 1.52% | 0.55% | 1.10% | 1.15% | 1.82% | 0.00% | 0.37% | 1.43% | 0.83% | 1.88% | 0.98% | 0.94% |
According to 0 Wall Street analysts, MeiraGTx's projected average Quarter EPS for Mar 24 is $-0.51, with a low estimate of $-1.06 and a high estimate of $0.05. This represents a -220.24% decrease compared to MGTX previous annual EPS of $0.42 (Dec 23).
MeiraGTx Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| QURE | uniQure | $5.66 | $53.67 | 848.23% | Buy |
| KRON | Kronos Bio | $0.95 | $7.63 | 703.16% | Buy |
| FIXX | Q32 Bio | $0.93 | $2.70 | 190.32% | Buy |
| ABOS | Acumen Pharmaceuticals | $2.60 | $7.00 | 169.23% | Buy |
| EWTX | Edgewise Therapeutics | $18.83 | $48.00 | 154.91% | Buy |
| RCKT | Rocket Pharmaceuticals | $19.65 | $47.33 | 140.87% | Buy |
| ERAS | Erasca | $2.97 | $7.00 | 135.69% | Buy |
| NUVB | Nuvation Bio | $3.05 | $7.00 | 129.51% | Buy |
| SLDB | Solid Biosciences | $7.93 | $17.50 | 120.68% | Buy |
| MGTX | MeiraGTx | $4.25 | $9.00 | 111.76% | Buy |
| KROS | Keros Therapeutics | $56.98 | $105.00 | 84.28% | Buy |
| CCCC | C4 Therapeutics | $6.44 | $11.33 | 75.93% | Hold |
| ETON | Eton Pharmaceuticals | $5.15 | $8.50 | 65.05% | Buy |
| IDYA | IDEAYA Biosciences | $37.46 | $46.13 | 23.14% | Buy |
| CNTB | Connect Biopharma | $1.23 | $1.50 | 21.95% | Buy |
| ANAB | AnaptysBio | $40.33 | $36.33 | -9.92% | Buy |
| RYTM | Rhythm Pharmaceuticals | $49.62 | $38.33 | -22.75% | Buy |
MGTX Forecast FAQ
Is MeiraGTx a good buy?
Yes, according to 1 Wall Street analysts, MeiraGTx (MGTX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of MGTX's total ratings.
What is MGTX's price target?
MeiraGTx (MGTX) average price target is $9 with a range of $9 to $9, implying a 111.76% from its last price of $4.25. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will MeiraGTx stock go up soon?
According to Wall Street analysts' prediction for MGTX stock, the company can go up by 111.76% (from the last price of $4.25 to the average price target of $9), up by 111.76% based on the highest stock price target, and up by 111.76% based on the lowest stock price target.
Can MeiraGTx stock reach $6?
MGTX's average twelve months analyst stock price target of $9 supports the claim that MeiraGTx can reach $6 in the near future.
What are MeiraGTx's analysts' financial forecasts?
MeiraGTx's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $22.65M (high $41.94M, low $3.5M), average EBITDA is $-22.65M (high $-3.495M, low $-41.944M), average net income is $-127M (high $12.6M, low $-267M), average SG&A $58.23M (high $107.83M, low $8.99M), and average EPS is $-1.97 (high $0.196, low $-4.152). MGTX's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $228.31M (high $422.79M, low $35.23M), average EBITDA is $-228M (high $-35.233M, low $-423M), average net income is $115.23M (high $242.84M, low $-11.452M), average SG&A $586.91M (high $1.09B, low $90.57M), and average EPS is $1.79 (high $3.77, low $-0.178).
Did the MGTX's actual financial results beat the analysts' financial forecasts?
Based on MeiraGTx's last annual report (Dec 2022), the company's revenue was $15.92M, which missed the average analysts forecast of $27.8M by -42.73%. Apple's EBITDA was $-116M, beating the average prediction of $-54.88M by 110.60%. The company's net income was $-143M, beating the average estimation of $-120M by 19.32%. Apple's SG&A was $46.55M, missing the average forecast of $59.86M by -22.23%. Lastly, the company's EPS was $-3.16, beating the average prediction of $-2.357 by 34.09%. In terms of the last quarterly report (Dec 2023), MeiraGTx's revenue was $2.04M, missing the average analysts' forecast of $6.56M by -68.91%. The company's EBITDA was $-43.754M, beating the average prediction of $-6.562M by 566.73%. MeiraGTx's net income was $20.22M, beating the average estimation of $1.61M by 1156.05%. The company's SG&A was $12.12M, missing the average forecast of $16.87M by -28.13%. Lastly, the company's EPS was $0.42, beating the average prediction of $0.025 by 1580.00%