MeiraGTx Holdings plc (MGTX) AI Stock Analysis

NASDAQ: MGTXAI research summary: business, growth, valuation, analysts, bull and bear case.

MGTX AI stock analysis summary

AI Research

MeiraGTx Holdings plc (NASDAQ: MGTX) is a clinical stage gene therapy company with 393 employees developing treatments for ocular, neurodegenerative, and radiation-induced conditions. Over the trailing twelve months ended June 30, 2026, the company generated $397.5M in revenue with an operating margin of 76.0%. However, consensus estimates project revenue to drop to $66.9M in the next fiscal year.

Market cap
$891.3M
Revenue (TTM)
$397.5M
P/E
10.7x
fwd 64.1x
1Y return
14.1%
S&P 500 16.8%
Avg. target
$27.75
199.0% vs last close

Bull case

  • Trailing twelve month revenue reached $397.5M, supported by quarterly revenue growth of 8608.6% year-over-year in the latest quarter.
  • The mean analyst price target of $27.75 sits 199.0% above the last closing price of $9.28.
  • The balance sheet maintains net cash of $30.8M with a current ratio of 3.76 as of June 30, 2026.

Bear case

  • Consensus estimates project next fiscal year revenue to drop by 80.2% to $66.9M alongside an estimated EPS of -$1.52.
  • The company reported negative annual free cash flow in each of the past five fiscal years, including -$50.2M in FY2025.
  • Share count increased by 112.4% over five years, representing substantial dilution for existing shareholders.

What MeiraGTx does

MeiraGTx Holdings plc is a clinical stage gene therapy company dedicated to advancing treatments for severe diseases. The company specializes in therapies for ocular diseases causing inherited blindness, radiation-induced Xerostomia resulting from head and neck cancer treatment, and neurodegenerative conditions including amyotrophic lateral sclerosis (ALS) and Parkinson's disease. Its clinical pipeline includes Phase 1/2 programs targeting Achromatopsia, X-Linked Retinitis Pigmentosa, RPE65-deficiency, and radiation-induced Xerostomia, alongside planned studies for xerostomia linked to Sjogren's syndrome. In addition to preclinical neurodegenerative research, MeiraGTx collaborates with Janssen Pharmaceuticals, Inc. to develop regulatable gene therapies utilizing its proprietary riboswitch technology.

Growth and profitability

Between FY2021 and FY2025, MeiraGTx recorded a 5-year revenue CAGR of 39.2%, with annual revenue shifting from $37.7M in FY2021 to $81.4M in FY2025. Across this period, the company sustained annual losses, including net income of -$114.2M and an operating margin of -130.2% in FY2025 as research and development expenses reached $129.6M. For the trailing twelve months ended June 30, 2026, revenue totaled $397.5M, supported by quarterly revenue growth of 8608.6% year-over-year in the latest quarter. Trailing twelve month net profit margin was 19.9% and diluted EPS was $0.87.

MGTX income statement →

Balance sheet and cash flow

As of June 30, 2026, MeiraGTx held $143.2M in cash and short-term investments against total debt of $112.3M, resulting in net cash of $30.8M. The company reported a current ratio of 3.76, total assets of $396.4M, and shareholders' equity of $215.6M, yielding a debt-to-equity ratio of 0.52. In FY2025, operating cash flow was -$46.4M, free cash flow was -$50.2M, and capital expenditures were $3.8M. Over the past five years, the company's share count increased by 112.4%.

MGTX balance sheet →

Valuation and performance

With a market capitalization of $891.3M and an enterprise value of $1.10B, MeiraGTx trades at a trailing price-to-earnings ratio of 10.7x, below the 24.6x median of its US-listed Healthcare peers. Its forward price-to-earnings ratio of 64.1x stands above the peer group median of 17.3x, while its price-to-sales ratio of 2.2x sits below the peer median of 4.1x. Over the past year, the stock returned 14.1%, trailing the S&P 500 (SPY) return of 16.8%, and its 5-year return of -35.0% lags the index gain of 83.0%.

MGTX key metrics →

What analysts expect

Wall Street analysts cover MeiraGTx with 5 Strong Buy, 2 Buy, and 1 Hold ratings. The mean price target of $27.75 represents an upside of 199.0% over the last close of $9.28. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $337.1M and EPS of $0.51. For the following fiscal year, 4 analysts estimate revenue will decline by 80.2% to $66.9M with EPS of -$1.52. The company beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 12, 2026.

MGTX forecast and price target →

Key risks and what to watch

  • Annual research and development expenses expanded to $129.6M in FY2025, maintaining pressure on operating cash flow.
  • Consensus EPS is projected to decline 399.0% in the next fiscal year from an estimated $0.51 in FY2026 to -$1.52.
  • The stock trades with a beta of 1.35 and last closed at $9.28, which is 9.1% below its 200-day moving average.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this MGTX AI stock analysis

This page is an AI-written research summary of MeiraGTx Holdings plc (MGTX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MGTX income statement, MGTX balance sheet, MGTX key metrics, MGTX analyst forecast, MGTX chart. See the MGTX stock overview for the latest quote and news.

MGTX AI stock analysis FAQ

Does MeiraGTx pay a dividend?

MeiraGTx does not pay a dividend. The company directs capital toward clinical research, reporting capital expenditures of $3.8M in FY2025.

What are analysts forecasting for MeiraGTx's revenue and earnings?

For FY2026, consensus estimates project revenue of $337.1M and EPS of $0.51. For the following fiscal year, analysts forecast revenue of $66.9M and EPS of -$1.52.

What is MeiraGTx's financial position regarding debt and cash?

As of June 30, 2026, MeiraGTx held $143.2M in cash and short-term investments against $112.3M in total debt, giving it net cash of $30.8M and a current ratio of 3.76.

How has MGTX performed relative to the broader market?

Over the past year, MGTX rose 14.1% compared to a 16.8% return for the S&P 500, while over five years it recorded a return of -35.0% versus an 83.0% gain for the index.

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