A Look at Travere Therapeutics’s Valuation Following FDA Updates Boosting FILSPARI’s Accessibility and Growth Prospects

Travere Therapeutics (TVTX) shares have climbed sharply after the FDA made changes to the REMS requirements for FILSPARI, easing patient monitoring and accessibility. This move could boost commercial prospects and investor interest.

See our latest analysis for Travere Therapeutics.

Travere’s momentum has shifted into high gear, with a 30-day share price return of 21.8% and a 12-month total shareholder return of 93.9%. Recent FDA flexibility on FILSPARI, combined with talk of potential label expansion, has investors eyeing growth opportunities and a rebound in sentiment.

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With shares up nearly 94% over the past year and a price target still above current levels, some investors may wonder if the latest optimism around Travere Therapeutics leaves room for further upside, or if the market has already priced in these growth drivers.

Most Popular Narrative: 12.6% Undervalued

Travere Therapeutics is currently trading at $36.26, while the most widely followed narrative assigns a fair value of $41.50. This suggests there is meaningful headroom if the narrative’s projections play out as expected.

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.

Want to know why analysts are so bullish on this potential? The secret: aggressive growth forecasts and a radical shift in profit margins. What assumptions are powering this valuation? Unlock the full narrative to see the surprising projections and bold estimates driving the case.

Result: Fair Value of $41.50 (UNDERVALUED)

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

However, ongoing competition in rare kidney disease treatments and Travere’s reliance on FILSPARI’s success could disrupt the company’s current growth trajectory.

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

Build Your Own Travere Therapeutics Narrative

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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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