Nov. 6 at 2:25 PM
$CRNX "Heads up alert! Only one day until Upcoming earnings on Thursday, 11/6/2025 for
$CRNX
Bullish (8.1)
Crinetics Pharmaceuticals, Inc.
(CRNX) continues to demonstrate significant momentum in the biotech sector, particularly following the recent FDA approval of its drug Palsonify for the treatment of acromegaly.
This milestone not only underscores the company's innovative capabilities but also enhances its market position significantly.
The stock has seen a notable increase of approximately 35% in value, reflecting strong investor confidence and a positive reception from the market.
Financially, Crinetics is positioned with a market capitalization around
$4.X.3 billion, indicating robust growth potential.
Analysts are optimistic, with Cantor Fitzgerald maintaining a Buy rating and setting a price target of
$90, while JMP Securities has raised their target to
$143, suggesting over 200% upside from current levels.
The company's P/E ratio remains competitive within the industry, and its earnings per share (EPS) growth is projected to be strong as Palsonify enters the market.
Revenue forecasts are promising, driven by the anticipated uptake of Palsonify, especially as it addresses a significant unmet need in the treatment of acromegaly.
Comparatively, Crinetics appears to be outperforming its industry peers, with analysts highlighting its unique product offerings and strategic positioning in the neuroendocrine tumor space.
Looking ahead, Crinetics is set to report its third-quarter financial results on November 6, 2025.
Analysts are closely watching this event, as it will provide further insights into the company's financial health and operational progress post-FDA approval.
Historical performance indicates a consistent trajectory of growth, and consensus estimates suggest that earnings will reflect a positive response to the recent product launch.
Investors are likely to assess management's commentary on Palsonify's market penetration and any updates on pipeline projects during the earnings call, which could further influence stock performance.
Overall, the healthcare sector, particularly the biotech segment, has shown resilience and growth, with Crinetics at the forefront of this trend.
The NYSE Health Care Index has experienced gains, reflecting broader investor optimism in innovative healthcare solutions.
As CRNX continues to develop its product pipeline and capitalize on recent approvals, it stands well-positioned to leverage market opportunities and drive shareholder value.
- Funds were net buyers of
$CRNX during the previous reporting quarter.
- Funds with large holdings in
$CRNX include:
- Driehaus Capital, MV:
$184MM. Fund Rank: 58%
- Farallon Capital Management LLC, MV:
$134MM. Fund Rank: 70%
www.faralloncapital.com
- EcoR1 Capital LLC, MV:
$123MM. Fund Rank: 56%
ecor1cap.com
- Paradigm Biocap, MV:
$67MM. Fund Rank: 62%
- Point72 Asset Management LP, MV:
$57MM. Fund Rank: 91%
www.point72.com
- Last 10 days performance: 8%
- Last 30 days performance: 5%
- Last 90 days performance: 56%
Some of the latest news articles:
- Title: Crinetics to Highlight Neuroendocrine Tumor Research Progress at the 2025 North American Neuroendocrine Tumor Society Annual Meeting
Publication Date: 10/23/2025 12:00:00 PM, Source: yahoo
URL: https://finance.yahoo.com/news/crinetics-highlight-neuroendocrine-tumor-research-120000542.html?.tsrc=rss
- Title: Crinetics Pharmaceuticals Announces October 2025 Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Publication Date: 10/10/2025 8:41:00 PM, Source: yahoo
URL: https://finance.yahoo.com/news/crinetics-pharmaceuticals-announces-october-2025-204100997.html?.tsrc=rss
- Title: Cantor Fitzgerald Maintains a Buy Rating on Crinetics Pharmaceuticals (CRNX)
Publication Date: 10/7/2025 5:04:45 PM, Source: yahoo
URL: https://finance.yahoo.com/news/cantor-fitzgerald-maintains-buy-rating-170445702.html?.tsrc=rss
- Title: A Look at Crinetics Pharmaceuticals's Valuation Following FDA Approval of PALSONIFY for Acromegaly
Publication Date: 10/7/2025 2:26:35 PM, Source: yahoo
URL: https://finance.yahoo.com/news/look-crinetics-pharmaceuticalss-valuation-following-142635281.html?.tsrc=rss
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