LIVE

PTGX

Protagonist Therapeutics, Inc.

PTGX

NASDAQ·Healthcare·Biotechnology·Mkt cap $8.0B

$131.73

+5.24%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$49.38 - $131.84

P/E

-73.11

Fwd P/E

157.25

Beta

1.83

Div Yield

0.00%

Avg Vol

698.4K

Shares Out

63.8M

Mkt Cap

$8.0B

Price action

Price chart

Up 146.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

3 reasons

  • Proprietary peptide drug discovery and development platform enabling oral and injectable delivery
  • Strategic partnership with Janssen Biotech providing resources, expertise, and commercialization support
  • Differentiated mechanism of action targeting specific integrins and hepcidin pathways with fewer side effects

Bear Case

2 risks

  • Above-average volatility (beta 1.8).
  • Extreme premium - high expectations embedded

Growth

Turning profitable

Advancement of rusfertide through Phase II trials for multiple blood disorder indications with large addressable markets

Value

Extreme premium - high expectations embedded

Momentum

Hot

+20.6% over 3m

Quality

Excellent

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 4, 2026

Q2 26 RECAP

MAY 5, 2026

Reported EPS of $0.05 vs -$0.65 consensus (+107.7% surprise). Revenue of $56.4M vs $11.7M expected (+381.7%). Beat on both top and bottom lines.

EPS beat +107.7%
Rev beat +381.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+107.7%

Next: May 4, 2026

Revenue trend · last 8Q

+184%

-89%

+33%

+1%

-96%

+99%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$4.2M

$4.7M

$170.6M

$28.3M

$5.5M

$4.7M

$7.4M

$56.4M

Margins · last 8Q

Gross

Operating

Profit

6.7%

Wall Street consensus

12 analysts · 92% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

11

92%

Hold

1

8%

Sell

0%

Median Price Target

$121.00

-8.1% vs $131.73

Low $110.00
Median $121.00
High $121.00

Latest: TD Cowen · Jul 1, 2026

2 analysts covering

vs Industry

How PTGX stacks vs Biotechnology

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.