Cantor Fitzgerald analyst Louise Chen reiterated a Buy rating on Aclaris Therapeutics Inc (ACRS) today and set a price target of $50. The company’s shares opened today at $6.18, close to its 52-week low of $5.95.
Chen wrote:
“We reiterate our OW rating and expect upward earnings revisions to levels not reflected in sell-side consensus expectations to drive the 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. The Disclosure Section may be found on pages 3 – 5.Valuation 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 4.6% and a 33.3% success rate. Chen covers the Healthcare sector, focusing on stocks such as Bausch Health Companies Inc, Amneal Pharmaceuticals Inc, and Aridis Pharmaceuticals Inc.
Currently, the analyst consensus on Aclaris Therapeutics Inc is a Moderate Buy with an average price target of $50.
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The company has a one-year high of $25.41 and a one-year low of $5.95. Currently, Aclaris Therapeutics Inc has an average volume of 600.7K.
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Aclaris Therapeutics, Inc. is a dermatologist-led biopharmaceutical company, which engages in identifying, developing, and commercializing novel drugs to address unmet needs in medical and aesthetic dermatology and immunology. It operates thrpough Dermatology Therapeutics and Contract Research segments.
