Morphic (MORF) Stock Forecast, Price Target & Predictions


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MORF Stock Forecast


Morphic stock forecast is as follows: an average price target of $57.00 (represents a 0.02% upside from MORF’s last price of $56.99) and a rating consensus of 'Hold', based on 6 wall street analysts offering a 1-year stock forecast.

MORF Price Target


The average price target for Morphic (MORF) is $57.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $57.00 to $57.00. This represents a potential 0.02% upside from MORF's last price of $56.99.

MORF Analyst Ratings


Hold

According to 6 Wall Street analysts, Morphic's rating consensus is 'Hold'. The analyst rating breakdown for MORF stock is 0 'Strong Buy' (0.00%), 1 'Buy' (16.67%), 5 'Hold' (83.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Morphic Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 22, 2024Alex ThompsonStifel Nicolaus$57.00$56.520.85%0.02%
Jul 13, 2024Michael YeeJefferies$57.00$55.782.19%0.02%
Jul 08, 2024Edward NashCanaccord Genuity$57.00$55.742.26%0.02%
Mar 13, 2024Michael YeeJefferies$60.00$34.6073.41%5.28%
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The latest Morphic stock forecast, released on Jul 22, 2024 by Alex Thompson from Stifel Nicolaus, set a price target of $57.00, which represents a 0.85% increase from the stock price at the time of the forecast ($56.52), and a 0.02% increase from MORF last price ($56.99).

Morphic Price Target by Period


1M3M12M
# Anlaysts--4
Avg Price Target--$57.75
Last Closing Price$56.99$56.99$56.99
Upside/Downside-100.00%-100.00%1.33%

In the current month, the average price target of Morphic stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Morphic's last price of $56.99. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jul 13, 2024Jefferies-HoldDowngrade
Jul 09, 2024Cowen & Co.-HoldDowngrade
Jul 09, 2024RBC CapitalOutperformSector PerformDowngrade
Jul 08, 2024BMO Capital-Market PerformDowngrade
Sep 25, 2023Needham-HoldInitialise
Feb 25, 2022RBC CapitalOutperformOutperformHold
Mar 07, 2021Wells FargoOverweightOverweightHold
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Morphic's last stock rating was published by Jefferies on Jul 13, 2024. The company Downgrade its MORF rating from "null" to "Hold".

Morphic Financial Forecast


Morphic Revenue Forecast

Dec 24Sep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Revenue------$521.00K$6.13M$2.06M$60.24M$2.38M$9.56M$3.12M$3.85M$3.27M$5.90M$25.76M$7.69M$5.59M$-334.00K$5.67M$5.57M
Avg Forecast$750.00K$250.00K-$1.98M$1.33M$2.40M$2.16M$3.04M$3.48M$3.65M$3.75M$14.86M$5.19M$5.80M$7.83M$6.62M$12.30M$5.57M$4.47M$5.77M$5.03M$470.78K
High Forecast$750.00K$250.00K-$2.38M$1.33M$2.40M$2.16M$3.04M$3.48M$3.65M$3.75M$14.86M$5.19M$5.80M$7.83M$6.62M$12.30M$5.57M$4.47M$5.77M$5.03M$564.94K
Low Forecast$750.00K$250.00K-$1.58M$1.33M$2.40M$2.16M$3.04M$3.48M$3.65M$3.75M$14.86M$5.19M$5.80M$7.83M$6.62M$12.30M$5.57M$4.47M$5.77M$5.03M$376.62K
# Analysts11-18854434354545454438
Surprise %------0.24%2.02%0.59%16.48%0.63%0.64%0.60%0.66%0.42%0.89%2.09%1.38%1.25%-0.06%1.13%11.83%

Morphic's average Quarter revenue forecast for Jun 23 based on 5 analysts is $2.40M, with a low forecast of $2.40M, and a high forecast of $2.40M. MORF's average Quarter revenue forecast represents a 361.46% increase compared to the company's last Quarter revenue of $521.00K (Mar 23).

Morphic EBITDA Forecast

Dec 24Sep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts11-18854434354545454438
EBITDA----$-44.75M-$-39.20M$-26.34M$-31.24M$26.60M$-31.41M$-20.42M$-24.72M$-27.53M$-21.00M$-17.51M$5.75M$-15.32M$-15.73M$-18.15M$-8.35M$-9.10M
Avg Forecast$-734.30K$-244.77K-$-25.79M$-1.31M$-2.35M$-27.58M$-15.59M$-3.41M$-3.58M$-29.50M$-14.55M$-5.08M$-5.68M$-17.95M$-6.48M$-12.04M$-5.46M$-13.44M$-5.65M$-4.92M$-80.46M
High Forecast$-734.30K$-244.77K-$-20.63M$-1.31M$-2.35M$-22.07M$-12.47M$-3.41M$-3.58M$-23.60M$-14.55M$-5.08M$-5.68M$-14.36M$-6.48M$-12.04M$-5.46M$-10.75M$-5.65M$-4.92M$-64.37M
Low Forecast$-734.30K$-244.77K-$-30.95M$-1.31M$-2.35M$-33.10M$-18.71M$-3.41M$-3.58M$-35.40M$-14.55M$-5.08M$-5.68M$-21.53M$-6.48M$-12.04M$-5.46M$-16.13M$-5.65M$-4.92M$-96.55M
Surprise %----34.28%-1.42%1.69%9.16%-7.43%1.06%1.40%4.86%4.85%1.17%2.70%-0.48%2.81%1.17%3.21%1.70%0.11%

3 analysts predict MORF's average Quarter EBITDA for Sep 22 to be $-3.41M, with a high of $-3.41M and a low of $-3.41M. This is -112.82% lower than Morphic's previous annual EBITDA (Jun 22) of $26.60M.

Morphic Net Income Forecast

Dec 24Sep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts11-18854434354545454438
Net Income----$-36.21M-$-36.13M$-24.38M$-30.02M$26.84M$-31.30M$-21.97M$-25.04M$-27.82M$-21.28M$-17.75M$5.35M$-15.86M$-16.75M$-19.83M$-8.86M$-9.43M
Avg Forecast$-50.60M$-46.92M$-50.10M$-26.16M$-47.77M$-43.69M$-27.98M$-16.34M$-41.58M$-42.27M$-29.93M$-24.63M$-36.37M$-27.35M$-18.19M$-25.05M$-21.44M$-28.05M$-14.30M$-20.16M$-19.91M$-83.41M
High Forecast$-50.60M$-40.34M$-50.10M$-20.93M$-41.24M$-43.69M$-22.39M$-13.07M$-41.58M$-42.27M$-23.94M$-24.63M$-36.37M$-27.35M$-14.55M$-25.05M$-21.44M$-28.05M$-11.44M$-20.16M$-19.91M$-66.73M
Low Forecast$-50.60M$-52.62M$-50.10M$-31.40M$-58.34M$-43.69M$-33.58M$-19.60M$-41.58M$-42.27M$-35.92M$-24.63M$-36.37M$-27.35M$-21.83M$-25.05M$-21.44M$-28.05M$-17.16M$-20.16M$-19.91M$-100.09M
Surprise %----0.76%-1.29%1.49%0.72%-0.64%1.05%0.89%0.69%1.02%1.17%0.71%-0.25%0.57%1.17%0.98%0.45%0.11%

Morphic's average Quarter net income forecast for Sep 22 is $-41.58M, with a range of $-41.58M to $-41.58M. MORF's average Quarter net income forecast represents a -254.91% decrease compared to the company's last Quarter net income of $26.84M (Jun 22).

Morphic SG&A Forecast

Dec 24Sep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts11-18854434354545454438
SG&A----$10.38M-$9.28M$8.01M$8.30M$8.23M$7.59M$7.44M$7.28M$7.14M$5.95M$5.13M$4.75M$4.20M$4.42M$3.43M$2.90M$2.08M
Avg Forecast$11.61M$3.87M-$30.64M$20.64M$37.21M$33.41M$47.06M$53.92M$56.56M$58.10M$230.00M$80.34M$89.78M$5.09M$102.46M$190.38M$86.27M$3.78M$89.26M$77.78M$7.29M
High Forecast$11.61M$3.87M-$36.77M$20.64M$37.21M$33.41M$47.06M$53.92M$56.56M$58.10M$230.00M$80.34M$89.78M$6.10M$102.46M$190.38M$86.27M$4.53M$89.26M$77.78M$8.74M
Low Forecast$11.61M$3.87M-$24.51M$20.63M$37.21M$33.41M$47.06M$53.92M$56.56M$58.10M$230.00M$80.34M$89.78M$4.07M$102.46M$190.38M$86.27M$3.02M$89.26M$77.78M$5.83M
Surprise %----0.50%-0.28%0.17%0.15%0.15%0.13%0.03%0.09%0.08%1.17%0.05%0.02%0.05%1.17%0.04%0.04%0.29%

Morphic's average Quarter SG&A projection for Mar 24 is $30.64M, based on 18 Wall Street analysts, with a range of $24.51M to $36.77M. The forecast indicates a 195.07% rise compared to MORF last annual SG&A of $10.38M (Sep 23).

Morphic EPS Forecast

Dec 24Sep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts11-18854434354545454438
EPS----$-0.74-$-0.90$-0.64$-0.78$0.70$-0.84$-0.60$-0.69$-0.77$-0.63$-0.58$0.18$-0.52$-0.55$-0.66$-0.30$-4.73
Avg Forecast$-1.01$-0.94$-1.00$-0.94$-0.95$-0.87$-0.81$-0.87$-0.83$-0.84$-0.81$-0.49$-0.73$-0.55$-0.55$-0.50$-0.43$-0.56$-0.48$-0.40$-0.40$-3.54
High Forecast$-1.01$-0.81$-1.00$-0.94$-0.82$-0.87$-0.81$-0.87$-0.83$-0.84$-0.81$-0.49$-0.73$-0.55$-0.55$-0.50$-0.43$-0.56$-0.48$-0.40$-0.40$-2.83
Low Forecast$-1.01$-1.05$-1.00$-0.94$-1.16$-0.87$-0.81$-0.87$-0.83$-0.84$-0.81$-0.49$-0.73$-0.55$-0.55$-0.50$-0.43$-0.56$-0.48$-0.40$-0.40$-4.24
Surprise %----0.78%-1.11%0.73%0.94%-0.83%1.04%1.22%0.95%1.41%1.15%1.16%-0.42%0.93%1.15%1.63%0.75%1.34%

According to 3 Wall Street analysts, Morphic's projected average Quarter EPS for Sep 22 is $-0.83, with a low estimate of $-0.83 and a high estimate of $-0.83. This represents a -218.57% decrease compared to MORF previous annual EPS of $0.70 (Jun 22).

Morphic Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
VTYXVentyx Biosciences$2.15$33.861474.88%Buy
INZYInozyme Pharma$4.42$14.67231.90%Buy
PLRXPliant Therapeutics$14.49$39.71174.05%Buy
ETNB89bio$9.29$22.00136.81%Buy
STOKStoke Therapeutics$13.10$30.60133.59%Buy
IMCRImmunocore$31.17$70.75126.98%Buy
TERNTerns Pharmaceuticals$7.10$14.25100.70%Buy
VKTXViking Therapeutics$63.14$100.5059.17%Buy
AKROAkero Therapeutics$32.05$46.0043.53%Buy
DICEDICE Therapeutics$47.55$60.0026.18%Buy
RNAAvidity Biosciences$44.82$54.5021.60%Buy
PCVXVaxcyte$106.49$124.1416.57%Buy
PTGXProtagonist Therapeutics$46.76$50.006.93%Buy
RVMDRevolution Medicines, Inc. Warrant$55.87$58.574.83%Buy
MORFMorphic$56.99$57.000.02%Hold
MDGLMadrigal Pharmaceuticals$331.32$315.75-4.70%Buy
ACLXArcellx$86.44$71.57-17.20%Buy

MORF Forecast FAQ


No, according to 6 Wall Street analysts, Morphic (MORF) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 16.67% of MORF's total ratings.

Morphic (MORF) average price target is $57 with a range of $57 to $57, implying a 0.02% from its last price of $56.99. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for MORF stock, the company can go up by 0.02% (from the last price of $56.99 to the average price target of $57), up by 0.02% based on the highest stock price target, and up by 0.02% based on the lowest stock price target.

MORF's average twelve months analyst stock price target of $57 does not support the claim that Morphic can reach $90 in the near future.

MORF's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $2.98M (high $3.38M, low $2.58M), average EBITDA is $-26.77M (high $-21.612M, low $-31.928M), average net income is $-174M (high $-162M, low $-185M), average SG&A $46.12M (high $52.25M, low $39.99M), and average EPS is $-3.888 (high $-3.756, low $-4.001).

Based on Morphic's last annual report (Dec 2022), the company's revenue was $70.81M, beating the average analysts forecast of $13.93M by 408.23%. Apple's EBITDA was $-63.396M, beating the average prediction of $-52.079M by 21.73%. The company's net income was $-59.041M, missing the average estimation of $-130M by -54.62%. Apple's SG&A was $32.14M, missing the average forecast of $215.64M by -85.09%. Lastly, the company's EPS was $-1.55, missing the average prediction of $-3.358 by -53.83%. In terms of the last quarterly report (Mar 2023), Morphic's revenue was $521K, missing the average analysts' forecast of $2.16M by -75.87%. The company's EBITDA was $-39.205M, beating the average prediction of $-27.584M by 42.13%. Morphic's net income was $-36.135M, beating the average estimation of $-27.984M by 29.13%. The company's SG&A was $9.28M, missing the average forecast of $33.41M by -72.24%. Lastly, the company's EPS was $-0.9, beating the average prediction of $-0.81 by 11.11%