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The latest analyst coverage could presage a bad day for RAPT Therapeutics, Inc. (NASDAQ:RAPT), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative. Investors however, have been notably more optimistic about RAPT Therapeutics recently, with the stock price up a noteworthy 14% to US$20.43 in the past week. With such a sharp increase, it seems brokers may have seen something that is not yet being priced in by the wider market.
Following the downgrade, the current consensus from RAPT Therapeutics' five analysts is for revenues of US$2.9m in 2020 which - if met - would reflect a major 213% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$3.3m in 2020. The consensus view seems to have become more pessimistic on RAPT Therapeutics, noting the measurable cut to revenue estimates in this update.
The Bottom Line
The clear low-light was that analysts slashing their revenue forecasts for RAPT Therapeutics this year. Given the stark change in sentiment, we'd understand if investors became more cautious on RAPT Therapeutics after today.
Unsatisfied? At least one of RAPT Therapeutics' five analysts has provided estimates out to 2024, which can be seen for free on our platform here.
Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.
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