Cantor Fitzgerald Thinks Aclaris Therapeutics Inc’s Stock is Going to Recover


In a report released today, Louise Chen from Cantor Fitzgerald maintained a Buy rating on Aclaris Therapeutics Inc (ACRS), with a price target of $50. The company’s shares closed yesterday at $6.06, close to its 52-week low of $5.04.

Chen wrote:

“We expect upwards earnings revisions to levels not reflected in sell-side consensus expectations to drive shares higher. Valuation Summary We use a blend of DCF and multiples (EV/EBITDA) analysis to get to our 12-month price target of $50.”

According to TipRanks.com, Chen is a 4-star analyst with an average return of 7.6% and a 37.4% success rate. Chen covers the Healthcare sector, focusing on stocks such as Teva Pharmaceutical Industries Limited, Bausch Health Companies Inc, and Amneal Pharmaceuticals Inc.

Aclaris Therapeutics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $50.

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The company has a one-year high of $21.97 and a one-year low of $5.04. Currently, Aclaris Therapeutics Inc has an average volume of 523.9K.

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Aclaris Therapeutics, Inc. operates as a dermatologist-led biopharmaceutical company, which engages in identifying, developing, and commercializing novel drugs to address the needs in medical and aesthetic dermatology and immunology. It operates through Dermatology Therapeutics and Contract Research segments.

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