Stock Track | Catalyst Pharmaceuticals Stock Soars 5.03% on Strong Full-Year 2024 Earnings

Stock Track
2025/03/01

Shares of Catalyst Pharmaceuticals (NASDAQ:CPRX) surged 5.03% in post-market trading on Friday as the pharmaceutical company reported impressive financial results for the full year 2024, beating analyst estimates.

The company's revenue grew 24% year-over-year to $491.7 million, exceeding analyst expectations by 1.6%. Net income soared 130% to $163.9 million, and earnings per share (EPS) also surpassed estimates by 7%, reaching $1.38.

Analysts reacted positively to the strong results, with Oppenheimer raising its price target on Catalyst Pharmaceuticals to $32 from $31, maintaining an Outperform rating. Bank of America Securities also reiterated its Buy rating on the stock. The company's impressive profit margin of 33%, up from 18% in the previous year, further contributed to the stock's rally.

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