.jpg "Acceleron Pharma (NASDAQ: XLRN)")
In a report released today, Matthew Harrison from Morgan Stanley maintained a Hold rating on Acceleron Pharma (NASDAQ: XLRN), with a price target of $55. The company’s shares closed on Friday at $51.05, close to its 52-week high of $54.34.
According to TipRanks.com, Harrison is a 5-star analyst with an average return of 13.8% and a 63.2% success rate. Harrison covers the Healthcare sector, focusing on stocks such as Alexion Pharmaceuticals, Rubius Therapeutics Inc, and Sarepta Therapeutics.
Currently, the analyst consensus on Acceleron Pharma is a Moderate Buy with an average price target of $54.17.
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The company has a one-year high of $54.34 and a one-year low of $32.53. Currently, Acceleron Pharma has an average volume of 444K.
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Acceleron Pharma, Inc. is a biopharmaceutical company, which engages in the discovery, development, and commercialization of therapeutics to treat serious and rare diseases. Its product candidates include Luspatercept, designed to patients with chronic anemia associated within a wide range of blood diseases; ACE-083, designed for the treatment of focal muscle disorders; and Sotatercept, designed to treat pulmonary arterial hypertension. The company was founded by John L. Knopf and Thomas P. Maneates in June 2003 and is headquartered in Cambridge, MA.
