TRACON PHARMACEUTICALS INC (TCON) Forecast, Price Target & Analyst Ratings

NASDAQ:TCONUS89237H3084

Current stock price

1.43 USD
-0.02 (-1.38%)
At close:
1.08 USD
-0.35 (-24.48%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for TRACON PHARMACEUTICALS INC (TCON).

Forecast Snapshot

Consensus Price Target

Price Target
$31.11
+ 2,075.52% Upside

Next Earnings Forecast

Earnings Estimate
Release Date
Aug 12, 2024
Period
Q2 / 2024
EPS Estimate
-$1.43
Revenue Estimate

ChartMill Buy Consensus

Rating
80.00%
Weighted Analyst Rating Score

Price Target Details & History

Consensus Price Target and Range

Mean target
$31.11
Upside
+ 2,075.52%
From current price of $1.43 to mean target of $31.11, Based on 9 analyst forecasts
Low
$6.06
Median
$31.11
High
$57.75

Price Target Revisions

1 Month
0.00%
3 Months
771.43%

Price Target Summary

9 Wall Street analysts provided a forecast for the next 12 months for TCON. The average price target is 31.11 USD. This implies a price increase of 2075.52% is expected in the next year compared to the current price of 1.43.
The average price target has been revised upward by 771.43% in the past 3 months.

Analyst Ratings & History

Current Analyst Ratings

TCON Current Analyst RatingTCON Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 1 2 3 4

Analyst Ratings History

TCON Historical Analyst RatingsTCON Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
80.00%
TCON was analyzed by 9 analysts. The buy percentage consensus is at 80. So analysts seem to be have mildly positive about TCON.
In the previous month the buy percentage consensus was at a similar level.
TCON was analyzed by 9 analysts. More opinions would make the average more meaningful.

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-07-01HC Wainwright & Co.Downgrade Buy -> Neutral
2024-04-03HC Wainwright & Co.Maintains Buy -> Buy
2024-03-06HC Wainwright & Co.Maintains Buy -> Buy
2023-11-20HC Wainwright & Co.Reiterate Buy -> Buy
2023-08-21JonesTradingDowngrade Buy -> Hold
2023-08-15BairdMaintains Outperform -> Outperform
2023-05-11BairdMaintains Outperform -> Outperform
2023-05-11Maxim GroupMaintains Buy
2023-03-09HC Wainwright & Co.Reiterate Buy
2022-02-23BairdInitiate Outperform
2021-06-04Alliance Global PartnersInitiate Buy
2021-04-16BTIGUpgrade Neutral -> Buy
2021-04-01Jones TradingInitiate Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Aug 12, 2024
Period
Q2 / 2024
EPS Estimate
-$1.43
Revenue Estimate
Revenue Q2Q
-100.00%
EPS Q2Q
-132.61%
Number of Analysts
5

Next Earnings Revisions

Revenue (1 Month)
N/A
Revenue (3 Months)
N/A
EPS (1 Month)
0.00%
EPS (3 Months)
-2,457.58%

Next Earnings Summary

TCON is expected to report earnings on 8/12/2024. The consensus EPS estimate for the next earnings is -1.43 USD and the consensus revenue estimate is 0 USD.

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Revenue
YoY % growth
TCON revenue by date.TCON revenue by date.
346K
-100.00%
12.045M
-100.00%
1.19M24.676M
1,973.61%
73.18M
196.56%
125.81M
71.92%
178.67M
42.02%
248.26M
38.95%
314.46M
26.67%
EBITDA
YoY % growth
TCON ebitda by date.TCON ebitda by date.
-28.333M
-74.78%
-27.878M
1.61%
-6.884M
75.31%
N/AN/AN/AN/AN/AN/AN/AN/A
EBIT
YoY % growth
TCON ebit by date.TCON ebit by date.
-28.347M
-74.73%
-27.894M
1.60%
-6.898M
75.27%
-14.933M
-116.48%
-17.745M
-18.83%
-4.133M
76.71%
16.427M
497.42%
71.438M
334.88%
132.52M
85.50%
176.1M
32.89%
231.67M
31.56%
Operating Margin
TCON operating margin by date.TCON operating margin by date.
-8,192.77%N/A-57.27%N/A-1,491.14%-16.75%22.45%56.78%74.17%70.93%73.67%
EPS
YoY % growth
TCON eps by date.TCON eps by date.
-1.69
22.12%
-1.40
17.16%
10.04
817.14%
-4.26
-142.40%
-2.92
31.39%
0.04
101.40%
-0.38
-1,025.00%
-0.31
18.92%
N/AN/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 24 Q3 / 24 Q4 / 24
EPS
Q2Q % growth
-1.43
-132.61%
-0.41
-107.03%
-1.02
-610.00%
Revenue
Q2Q % growth

-100.00%
1.02M
EBITDA
Q2Q % growth
N/AN/AN/A
EBIT
Q2Q % growth
-3.513M
-197.69%
-2.758M
23.12%
-4.196M
-1,131.03%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

TCON Yearly Revenue VS EstimatesTCON Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2021 2023 2025 2026 2027 2028 2029 2030 2031 100M 200M 300M
TCON Yearly EPS VS EstimatesTCON Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 10 -10 -20 -30 -40

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
-84.04%
EPS Next 5 Year
-15.22%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
32.08%
Revenue Next 5 Year
63.68%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A

TRACON PHARMACEUTICALS INC / TCON Forecast FAQ

What do analysts expect the price target to be for TRACON PHARMACEUTICALS INC (TCON)?

9 analysts have analysed TCON and the average price target is 31.11 USD. This implies a price increase of 2075.52% is expected in the next year compared to the current price of 1.43.

What is the next earnings date for TCON stock?

TRACON PHARMACEUTICALS INC (TCON) will report earnings on 2024-08-12, after the market close.

What are the consensus estimates for TRACON PHARMACEUTICALS INC (TCON) next earnings?

The consensus EPS estimate for the next earnings of TRACON PHARMACEUTICALS INC (TCON) is -1.43 USD and the consensus revenue estimate is 0 USD.

Can you provide the analyst count for TRACON PHARMACEUTICALS INC stock?

The number of analysts covering TRACON PHARMACEUTICALS INC (TCON) is 9.