After Cowen & Co. and Needham gave ACADIA Pharmaceuticals Inc (NASDAQ: ACAD) a Buy rating last month, the company received another Buy, this time from J.P. Morgan. Analyst Cory Kasimov maintained a Buy rating on ACADIA Pharmaceuticals Inc yesterday and set a price target of $32. The company’s shares closed yesterday at $24.58.
According to TipRanks.com, Kasimov is a 3-star analyst with an average return of 1.6% and a 41.1% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Inc., BioMarin Pharmaceutical Inc., and Global Blood Therapeutics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ACADIA Pharmaceuticals Inc with a $38.83 average price target, representing a 58.0% upside. In a report issued on July 23, Cowen & Co. also maintained a Buy rating on the stock with a $42 price target.
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The company has a one-year high of $28.67 and a one-year low of $12.77. Currently, ACADIA Pharmaceuticals Inc has an average volume of 1.14M.
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ACADIA Pharmaceuticals, Inc. operates as a biopharmaceutical company focused on the development and commercialization of medicines to address unmet medical needs in central nervous system, or CNS, disorders. It operates through development and commercialization of innovative medicines segment.
