Terns Pharmaceuticals, Inc.

Terns Pharmaceuticals, Inc.

TERNยทNASDAQ

$52.95

+0.0000%
HealthcareBiotechnology

Terns Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, develops small-molecule single-agent and combination therapy candidates for the treatment of non-alcoholic steatohepatitis (NASH) and obesity. The company develops TERN-101, a liver-distributed and non-bile acid farnesoid X receptor agonist, which is in Phase IIa clinical trial for the treatment of NASH; and TERN-201, a vascular adhesion protein-1 inhibitor that is in Phase Ib clinical trial for the treatment of NASH. It also develops TERN-501, a thyroid hormone receptor beta agonist with enhanced liver distribution and metabolic stability that is in Phase I clinical trial for the treatment of NASH; and TERN-601, a small-molecule Glucagon-Like Peptide-1 receptor agonist program that is intended to orally be administered for NASH and metabolic diseases, such as obesity. The company was incorporated in 2016 and is headquartered in Foster City, California.

At a Glance

Live Snapshot
Market Cap$4.77B
EPS-1.0300
P/E Ratio-51.41
Earnings Date05/14/2026
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Terns Pharmaceuticals, Inc. Street Expectations Map

TERN ยท NASDAQ

Wall Street analysts project that TERN stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 55.56, with estimates ranging from a low of 35.00 to a high of 70.00.

Lowest Target
35.00
-33.90%
Consensus Target
55.56
4.93%
Highest Target
70.00
32.20%

The consensus 1-year price target stands at 55.56, with estimates ranging from a low of 35.00 to a high of 70.00.

Analyst Consensus Analysis

Upside Potential

+4.9%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

63.0% spread

High uncertainty. Very wide target spread indicates significant disagreement among analystsโ€”major valuation uncertainty or transformation underway.

Risk-Reward Profile

0.95x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuationโ€”proceed with caution and independent analysis.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Terns Pharmaceuticals, Inc. Forward Estimates of Revenue

TERN ยท NASDAQ
Latest Revenue
0.00
FY 2025
Avg Estimate
960.00K
FY 2026
Estimate Range
960.00K - 960.00K
Analyst Spread

Forward Growth Analysis

Analyst Coverage9 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Terns Pharmaceuticals, Inc. Forward Estimates of Net Income

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Latest Net Income
-96.21M
FY 2025
Avg Estimate
-97.39M
FY 2026
Estimate Range
-109.19M - -85.58M
Analyst Spread

Forward Growth Analysis

Projected Growth-1.2%

Declining expectations indicate headwindsโ€”investigate whether temporary or structural issues.

Analyst Coverage9 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread24%

Moderate uncertainty in forecastsโ€”typical for companies with evolving business models.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Terns Pharmaceuticals, Inc. Forward Estimates of EPS

TERN ยท NASDAQ
Latest EPS
-1.03
FY 2025
Avg Estimate
$-1.22
FY 2026
Estimate Range
$-1.37 - $-1.08
Analyst Spread

Forward Growth Analysis

Projected Growth-18.9%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage8 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread24%

Moderate uncertainty in forecastsโ€”typical for companies with evolving business models.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Terns Pharmaceuticals, Inc. Forward Estimates of EBIT

TERN ยท NASDAQ
Latest EBIT
-110.12M
FY 2025
Avg Estimate
576.00K
FY 2026
Estimate Range
576.00K - 576.00K
Analyst Spread

Forward Growth Analysis

Projected Growth+100.5%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage9 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Terns Pharmaceuticals, Inc. Forward Estimates of EBITDA

TERN ยท NASDAQ
Latest EBITDA
-110.12M
FY 2025
Avg Estimate
576.00K
FY 2026
Estimate Range
576.00K - 576.00K
Analyst Spread

Forward Growth Analysis

Projected Growth+100.5%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage9 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Terns Pharmaceuticals, Inc. Forward Estimates of SG&A Expense

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Latest SG&A Expense
32.23M
FY 2025
Avg Estimate
4.52M
FY 2026
Estimate Range
4.52M - 4.52M
Analyst Spread

Forward Growth Analysis

Projected Growth-86.0%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage9 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Terns Pharmaceuticals, Inc. Insider Positioning

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During the last 12 months, insiders have purchased $148K and sold $6.13M worth of TERN shares, resulting in $5.99M of net selling activity.

3 Months

Bought

0

0.00

Sold

12.8K

599.77K

Net Activity

-600K

-$600K

3-6 Months

Bought

0

0.00

Sold

135.1K

5.08M

Net Activity

-5.1M

-$5.08M

6-9 Months

Bought

0

0.00

Sold

25.5K

448.77K

Net Activity

-449K

-$449K

9-12 Months

Bought

38.3K

148.34K

Sold

853

3.64K

Net Activity

+145K

+$145K

Top Buyers

1
BAL

Burroughs Amy L.

Director, Officer: Chief Executive Officer

23.3K sharesโ€ข1 transactions

$90K

2
GA

Gengos Andrew

Officer: Chief Financial Officer

15.0K sharesโ€ข3 transactions

$58K

Top Sellers

1
BAL

Burroughs Amy L.

Director, Officer: Chief Executive Officer

146.7K sharesโ€ข4 transactions

$5.62M

2
QJM

Quigley Jill M.

Director

24.5K sharesโ€ข1 transactions

$441K

3
KE

Kuriakose Emil

Officer: Chief Medical Officer

2.9K sharesโ€ข4 transactions

$69K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $5.99M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.02:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$600K

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

Moderate Selling

3 insider sellers vs. 2 buyers. More insiders selling than buying suggests cautious or negative sentiment.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.