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Model output · Signal date 2026-11-06

Praxis Precision Medicines, Inc. (PRAX) Stock Forecast Nov. 6, 2026

Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq

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Rating · 90D Unlock rating and forecasts
90-day forecast Sign up free to reveal
30-day forecast Alpha
Rank in coverage of 5150 stocks scored
Rank correlation · 90D 31.0% Spearman, 357 dates
Market Cap $7.75B mid-cap · #39 of 60 peers
Summary

Praxis Precision Medicines, Inc. (PRAX) stock forecast summary

Our AI scores Praxis Precision Medicines, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.

Praxis Precision Medicines, Inc. is a mid-cap company with a market capitalization of $7.75B. It ranks number 39 by market capitalization among the 60 Pharmaceutical Preparations issuers in our coverage with a current forecast.

For PRAX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 31.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 36.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)

A free account shows the exact forecast, rating and rank of 3 tickers you follow, PRAX included.

Price

PRAX price chart and AI forecast

PRAX
Cross-section · 2026-11-06

How PRAX ranks among 5150 stocks

90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-06-30

Praxis Precision Medicines, Inc. (PRAX) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Pharmaceutical Preparations peers listed below that report each metric.

Valuation & Market

MetricPRAXIndustry medianRank
Market Cap $7.75B $12.65B 39/60
P/B Ratio 5.78x 7.50x 29/42
EPS $-12.95 – –
Book Value/Share $48.03 – –
FCF/Share $-10.94 – –

Profitability & Margins

MetricPRAXIndustry medianRank
ROE -25.3% 5.4% 30/38
ROA -24.4% 1.9% 35/42
ROIC -28.2% 1.3% 35/44

Financial Health

MetricPRAXIndustry medianRank
Current Ratio 15.73x 2.46x 8/58
D/E Ratio 0.04x 1.22x 43/47
Financial Leverage 1.04x 2.12x 43/47
Working Capital $723M $911M 37/58

Cash Flow

MetricPRAXIndustry medianRank
Operating Cash Flow -$305M $199M 50/59
Free Cash Flow -$305M $196M 41/50
Capital Spending -$310K -$52M 3/50

Income Statement

MetricPRAXIndustry medianRank
Operating Income -$378M $88M 43/50
Net Income -$339M $81M 37/46
R&D Expense $291M $603M 41/58

Dividend & Shareholder Information

MetricPRAXIndustry medianRank
Shares Outstanding 28M – –

Balance Sheet Highlights (USD millions)

Total Current Assets$772M55.5% of assets
Cash & Short-term Investments$475M34.2% of assets
Total Liabilities$49M3.5% of assets
Short-term Debt$26M1.8% of assets
Quarterly Financial Reports

PRAX quarterly financials and insider trading

Industry Peers · Pharmaceutical Preparations

Praxis Precision Medicines, Inc. (PRAX) industry peers

Companies classified under the same SEC industry code as Praxis Precision Medicines, Inc. (Pharmaceutical Preparations): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Alpha) Market Cap P/E Ratio P/B Ratio
PRAX Praxis Precision Medicines, Inc. $7.75B – 5.8x
LLY Eli Lilly & Co $1.28T 44.3x 130.6x
JNJ Johnson & Johnson $664.95B 42.0x 8.2x
ABBV Abbvie Inc. $514.78B 44.6x –
MRK Merck & Co., Inc. $362.01B 151.3x 8.1x
NVS Novartis Ag $310.17B 9.8x –
AZN Astrazeneca Plc $288.97B 13.5x –
ABT Abbott Laboratories $191.15B 38.8x 3.8x
NVO Novo Nordisk A S $179.14B 3.0x –
PFE Pfizer Inc $167.51B 37.2x 1.9x
VRTX Vertex Pharmaceuticals Inc / Ma $137.50B 34.9x 6.6x
BMY Bristol Myers Squibb Co $127.02B 13.8x 5.4x
SNY Sanofi $115.97B – –
GSK Gsk Plc $101.54B 5.6x –
REGN Regeneron Pharmaceuticals, Inc. $93.11B 20.0x 2.8x
TAK Takeda Pharmaceutical Co Ltd $66.19B 6.4x –
TEVA Teva Pharmaceutical Industries Ltd $49.65B 41.0x 6.2x
ONC Beone Medicines Ltd. $46.26B 1130.5x 8.0x
GMAB Genmab A/S $34.50B 2.2x –
ZTS Zoetis Inc. $33.93B 14.0x 10.3x
RPRX Royalty Pharma Plc $28.82B 47.1x 4.2x
ROIV Roivant Sciences Ltd. $26.45B – 6.3x
INSM Insmed Inc $25.10B – 34.6x
UTHR United Therapeutics Corp $24.11B 21.2x 3.8x
VTRS Viatris Inc $22.87B – –
ALNY Alnylam Pharmaceuticals, Inc. $20.89B 7.3x 5.8x
ASND Ascendis Pharma A/S $16.86B – –
JAZZ Jazz Pharmaceuticals Plc $15.24B 77.5x 3.6x
BBIO Bridgebio Pharma, Inc. $14.47B – –
SMMT Summit Therapeutics Inc. $13.03B – 23.1x
ELAN Elanco Animal Health Inc $12.86B – 1.9x
RDY Dr Reddys Laboratories Ltd $12.44B 16.4x –
BMRN Biomarin Pharmaceutical Inc $10.85B 560.3x 1.7x
MDGL Madrigal Pharmaceuticals, Inc. $9.24B – 14.7x
TGTX Tg Therapeutics, Inc. $9.20B 21.9x 15.2x
SYRE Spyre Therapeutics, Inc. $9.16B – 8.7x
PTGX Protagonist Therapeutics, Inc $8.54B 33.6x 7.9x
ARWR Arrowhead Pharmaceuticals, Inc. $8.22B – 17.7x
CORT Corcept Therapeutics Inc $7.87B 43.6x 9.4x
RYTM Rhythm Pharmaceuticals, Inc. $7.73B – 87.9x
ALKS Alkermes Plc. $7.70B 44.6x 4.1x
ABVX Abivax S.A. $7.50B – –
CYTK Cytokinetics Inc $7.46B – –
KNSA Kiniksa Pharmaceuticals International, Plc $7.37B 86.9x 10.4x
AXSM Axsome Therapeutics, Inc. $6.93B – 65.8x
ORKA Oruka Therapeutics, Inc. $6.81B – 6.1x
IONS Ionis Pharmaceuticals Inc $6.55B – 14.9x
AMRX Amneal Pharmaceuticals, Inc. $6.43B 61.0x –
LGND Ligand Pharmaceuticals Inc $6.12B 116.9x 6.4x
MIRM Mirum Pharmaceuticals, Inc. $6.07B – –
BLTE Belite Bio, Inc $6.07B – 7.9x
MANE Veradermics, Inc $5.80B – 7.1x
SUPN Supernus Pharmaceuticals, Inc. $5.56B – 5.2x
COGT Cogent Biosciences, Inc. $5.49B – 10.6x
PTCT Ptc Therapeutics, Inc. $5.47B – –
ERAS Erasca, Inc. $5.04B – 13.9x
EWTX Edgewise Therapeutics, Inc. $4.89B 5.4x 3.0x
DNTH Dianthus Therapeutics, Inc. /De/ $4.81B – 3.9x
TVTX Travere Therapeutics, Inc. $4.44B – 196.6x
LEGN Legend Biotech Corp $4.33B – –

Where PRAX sits on the market map

Life Sciences · Pharmaceutical Preparations
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News

Praxis Precision Medicines, Inc. (PRAX) stock news

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FAQ

Praxis Precision Medicines, Inc. (PRAX) stock forecast FAQ

What is the Praxis Precision Medicines, Inc. (PRAX) stock forecast?

Our AI scores Praxis Precision Medicines, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.

How accurate are Praxis Precision Medicines, Inc. stock predictions?

For PRAX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 31.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 36.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Praxis Precision Medicines, Inc. forecasts updated?

Praxis Precision Medicines, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.

Which companies are Praxis Precision Medicines, Inc.'s industry peers?

60 issuers in our coverage, PRAX included, share the SEC industry code Pharmaceutical Preparations. The largest are: Eli Lilly & Co (LLY), Johnson & Johnson (JNJ), Abbvie Inc. (ABBV), Merck & Co., Inc. (MRK), Novartis Ag (NVS), Astrazeneca Plc (AZN).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.