Several brokerages have updated their recommendations and price targets on shares of PTC Therapeutics (NASDAQ: PTCT) in the last few weeks:
- 8/13/2026 – PTC Therapeutics had its price target raised by Wells Fargo & Company from $106.00 to $109.00. They now have an “overweight” rating on the stock.
- 8/6/2026 – PTC Therapeutics was downgraded by Zacks Research from “strong-buy” to “hold”.
- 8/1/2026 – PTC Therapeutics was upgraded by Wall Street Zen from “hold” to “strong-buy”.
- 7/31/2026 – PTC Therapeutics was upgraded by Weiss Ratings from “sell (d)” to “sell (d+)”.
- 7/31/2026 – PTC Therapeutics had its price target raised by Morgan Stanley from $93.00 to $104.00. They now have an “overweight” rating on the stock.
- 7/31/2026 – PTC Therapeutics had its price target raised by Wells Fargo & Company from $93.00 to $106.00. They now have an “overweight” rating on the stock.
- 7/20/2026 – PTC Therapeutics had its price target lowered by Wells Fargo & Company from $95.00 to $93.00. They now have an “overweight” rating on the stock.
- 7/16/2026 – PTC Therapeutics had its price target raised by Cantor Fitzgerald from $124.00 to $130.00. They now have an “overweight” rating on the stock.
- 7/7/2026 – PTC Therapeutics had its price target raised by Royal Bank Of Canada from $82.00 to $85.00. They now have a “sector perform” rating on the stock.
- 7/7/2026 – PTC Therapeutics was upgraded by Zacks Research from “hold” to “strong-buy”.
Insiders Place Their Bets
In other PTC Therapeutics news, Director Mary L. Smith sold 15,834 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $90.00, for a total value of $1,425,060.00. Following the completion of the transaction, the director directly owned 21,813 shares in the company, valued at approximately $1,963,170. This represents a 42.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christine Marie Utter sold 19,686 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $75.56, for a total transaction of $1,487,474.16. Following the transaction, the chief accounting officer directly owned 70,199 shares of the company’s stock, valued at $5,304,236.44. The trade was a 21.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 192,842 shares of company stock worth $15,857,035 over the last quarter. 5.30% of the stock is currently owned by corporate insiders.
Among PTC’s approved products is Translarna (ataluren), a first-in-class therapy designed to treat nonsense mutation Duchenne muscular dystrophy in select markets.
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