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Morgan Stanley Is Bullish on PTC Therapeutics, Inc. (PTCT) as Small-Cap Biotech Outlook Improves

We recently compiled a list of the 15 High Growth Mid-Cap Stocks to Buy. PTC Therapeutics, Inc. is among the best high growth stocks.

TheFly reported on January 8 that Morgan Stanley raised its price target on PTCT to $90 from $78 and reiterated an Overweight rating. The analyst stated that while large-cap biopharma faces increasing pressure from impending patent expirations, the firm anticipates that U.S. small- to mid-cap biotechnology stocks will continue to outperform in 2026 as more commercial-stage companies generate sustainable cash flows.

Separately, PTC Therapeutics, Inc. (NASDAQ:PTCT) reported on January 12 that for full-year 2026, it expects total product revenue in the range of $700 million to $800 million, excluding Evrysdi royalty income and collaboration-related revenue. The business also projects GAAP R&D and SG&A expenses of $775 million to $815 million, while non-GAAP R&D and SG&A expenses are forecast between $680 million and $720 million, excluding approximately $95 million in non-cash stock-based compensation.

PTC Therapeutics, Inc. (NASDAQ:PTCT) is a global biopharmaceutical company that discovers, develops, and commercializes innovative medicines for rare genetic disorders. It focuses on transformational therapies, including small molecules and gene therapies, to improve health outcomes for patients with serious unmet needs worldwide.

While we acknowledge the risk and potential of PTCT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PTCT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Multibagger Stocks to Buy Heading into 2026 and 7 Best Rising Tech Stocks to Buy Now.

Disclosure: None.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
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  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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