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0 0.00086840734093659 0.00138945174549864 0.00700515255022277 0.00515255022289114 0.00804724135934688 0.00461413767151043 0.00839460429572158
Stock impact report

Wall Street Firms Tout Corcept Therapeutics Incorporated (CORT) Prospects on Korlym Medication Prospects [Yahoo! Finance]

Corcept Therapeutics Incorporated (CORT) 
Last corcept therapeutics incorporated earnings: 2/20 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: corcept.com/investors
Company Research Source: Yahoo! Finance
Wainwright reiterated a Buy rating and a $145 price target on the stock, citing its strong growth prospects despite commercial challenges. The research firm has reiterated its confidence in the company's Korlym medication, whose sales are projected to grow by 19% to 26% year over year, affirming the underlying strong demand. Volume has increased by 40% over the past two quarters, and the company is poised to meet its guidance of $800-$850 million. Likewise, Corcept is a Buy owing to a strong balance sheet that supports the launch of two products next year. The company is on the cusp of launching relacorilant for Cushing's syndrome, with sales expected to reach $4.3 billion by 2034. On November 17, Wolfe Research began coverage of Corcept Therapeutics (NASDAQ: CORT) with a Peer Perform rating and said it expects the stock to trade in the $70- $75 range until the company's patent litigation and antitrust cases are settled. Analyst Kalpit Patel pointed to these legal issues as near Show less Read more
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