Mizuho Securities Sticks to Their Buy Rating for Aerie Pharma (AERI)


In a report released today, Difei Yang from Mizuho Securities maintained a Buy rating on Aerie Pharma (NASDAQ: AERI), with a price target of $77. The company’s shares closed yesterday at $64.75.

According to TipRanks.com, Yang is a 5-star analyst with an average return of 22.7% and a 53.7% success rate. Yang covers the Healthcare sector, focusing on stocks such as Nightstar Therapeutics Limited, Alder Biopharmaceuticals, and Audentes Therapeutics.

Aerie Pharma has an analyst consensus of Strong Buy, with a price target consensus of $83.75, implying a 29.3% upside from current levels. In a report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $86 price target.

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Based on Aerie Pharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $55.02 million. In comparison, last year the company had a GAAP net loss of $28.43 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock.

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Aerie Pharmaceuticals, Inc. is a clinical stage pharmaceutical company, which engages in the discovery, development, and commercialization of therapies for the treatment of patients with glaucoma and diseases of the eye. Its products include Rhopressa and Roclatan.

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