Ladenburg Remains a Buy on SAGE Therapeutics (SAGE)


In a report released today, Michael Higgins from Ladenburg maintained a Buy rating on SAGE Therapeutics (SAGE), with a price target of $220. The company’s shares opened today at $159.

According to TipRanks.com, Higgins has 0 stars on 0-5 star ranking scale with an average return of -7.1% and a 33.9% success rate. Higgins covers the Healthcare sector, focusing on stocks such as Rhythm Pharmaceuticals Inc, Paratek Pharmaceuticals, and Zynerba Pharmaceuticals.

Currently, the analyst consensus on SAGE Therapeutics is a Strong Buy with an average price target of $200.64, a 26.2% upside from current levels. In a report released today, Piper Jaffray also reiterated a Buy rating on the stock with a $206 price target.

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The company has a one-year high of $188.82 and a one-year low of $79.88. Currently, SAGE Therapeutics has an average volume of 649.4K.

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SAGE Therapeutics, Inc. operates as clinical stage biopharmaceutical company, which engages in the development and commercialization of novel medicines to treat life-altering central nervous system. Its programs include brexanolone, which is an acute interventional treatment for postpartum depression; and SAGE-217, an oral therapy for treatment of various CNS disorders. The company was founded by Steven Marc Paul and Douglas Covey in April 2010 and is headquartered in Cambridge, MA.