A Look at Travere Therapeutics (TVTX) Valuation Following Positive FILSPARI Phase 3 Kidney Data Release

Travere Therapeutics (TVTX) just shared data from its Phase 3 DUPLEX Study at the American Society of Nephrology Kidney Week. The data highlights FILSPARI's ability to reduce proteinuria and lower kidney failure risk in FSGS patients.

See our latest analysis for Travere Therapeutics.

Travere Therapeutics’ latest clinical milestone follows a series of high-profile appearances at major healthcare conferences this month. Investors have taken notice, with the company’s share price climbing 29.7% over the past month and the total shareholder return for the past year exceeding 100%, signaling strong momentum and renewed optimism about its future prospects.

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With shares recently soaring and optimism running high, the question remains: is Travere Therapeutics undervalued given its clinical progress, or has the market already factored in the company’s future growth potential?

Most Popular Narrative: 14.6% Undervalued

Recent narrative consensus places Travere Therapeutics’ fair value meaningfully above its last close, suggesting analysts see additional upside if anticipated catalysts materialize. The market is not fully pricing in what may be a transformative period for the company’s lead drug and future growth.

Expansion of FILSPARI's label to include treatment for FSGS, a rare kidney disease with no approved therapies, positions Travere for first-mover advantage in a large, underserved market. If approved, this will create a new, high-margin revenue stream and significantly expand the company's addressable market. (Revenue growth, gross margins)

Read the complete narrative.

This narrative is packed with bold growth assumptions and a future profit outlook that rivals biotech high-flyers. Want to see the real reason behind this upbeat valuation and which financial leap is factored in? You will be surprised at the numbers behind the bullish story. Explore the full breakdown before the crowd catches on.

Result: Fair Value of $41.50 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, unexpected regulatory delays or increased competition in rare kidney disease therapies could quickly challenge Travere’s growth story and the current market enthusiasm.

Find out about the key risks to this Travere Therapeutics narrative.

Another View: What Does Our DCF Model Say?

While analysts see strong upside based on earnings and multiples, our SWS DCF model paints an even more dramatic picture. According to this approach, Travere Therapeutics is deeply undervalued, trading well below what future cash flows could justify. Could the market be missing something big, or are expectations running ahead of reality?

Look into how the SWS DCF model arrives at its fair value.

Build Your Own Travere Therapeutics Narrative

If you have a different perspective or want to analyze the story yourself, you can build your own narrative in just a few minutes, your way. Do it your way

A great starting point for your Travere Therapeutics research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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