Evercore ISI Reiterates Buy Rating on Travere Therapeutics
Evercore ISI maintains a buy rating on Travere Therapeutics with a $60 price target.
Key Points
- Evercore ISI reiterated its buy rating on Travere Therapeutics, setting a price target of $60 as of June 18, 2026.
- Shares of Travere Therapeutics traded at $54.14, close to their 52-week high of $55.11, with a market cap of $5.03 billion.
- Insiders, including Timothy Coughlin and Roy Baynes, engaged in both buying and selling activities on June 12, 2026.
Evercore ISI Group has reiterated its buy rating on Travere Therapeutics, Inc. (NasdaqGM: TVTX), setting a price target of $60. This update came on June 18, 2026, as the stock traded at $54.14, near its 52-week high of $55.11.
Travere Therapeutics Stock Snapshot
Shares of NasdaqGM: TVTX traded near $54.14. Travere Therapeutics has a market cap of approximately $5.03 billion, with a forward P/E ratio of 11.15 and a beta of 1.141. The stock's 52-week range has been between $13.97 and $55.11, with a 50-day moving average of $43.33 and a 200-day moving average of $33.43. The company maintains a current ratio of 3.13 and a quick ratio of 2.82, although it carries a high debt-to-equity ratio of 331.88.
Recent Earnings
Travere Therapeutics reported revenue of $536.2 million, showing a growth rate of 55.6%. Despite this, the company has a negative net margin of -3.995% and a return on equity of -69.383%, indicating it is currently not profitable. The next earnings report is expected on August 6, 2026.
Insider Buying and Selling at Travere Therapeutics, Inc.
On June 12, 2026, insiders engaged in several transactions. Timothy Coughlin bought 10,000 shares at an average price of $26.52 and sold the same amount at $50.07. Roy Baynes purchased 4,500 shares at $21.38 and sold the same amount at $50.00. These trades were not part of any planned trading program.
Analysts Set New Price Targets
On June 18, 2026, Evercore ISI Group maintained its buy rating with a $60 price target. Other firms have also shown confidence, with Citigroup on June 15, 2026, maintaining a buy rating and a $70 target, and Wells Fargo setting a $65 target on June 12, 2026. In total, 14 analysts have a strong buy consensus with an average target price of $56.71.
About Travere Therapeutics
Travere Therapeutics, Inc. is a biopharmaceutical company based in San Diego, California. It focuses on developing therapies for rare kidney and metabolic diseases. The company markets FILSPARI, a medication for IgA Nephropathy, and Thiola for cystinuria. Travere's pipeline includes Sparsentan and Pegtibatinase, both targeting rare conditions. Led by CEO Dr. Eric M. Dube, the company employs 497 people.
Bottom Line
Evercore ISI's reaffirmation of its buy rating and $60 target price for Travere Therapeutics underscores its confidence in the company's prospects. Investors should note that 13F filings and analyst ratings are backward-looking and may not reflect current conditions. Tracking these updates helps investors gauge market sentiment and company performance.
See Also
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