In a report released today, Leland Gershell from Oppenheimer assigned a Buy rating to Ascendis Pharma (ASND), with a price target of $212.00. The company’s shares closed last Friday at $156.50.
According to TipRanks.com, Gershell is a 3-star analyst with an average return of 1.8% and a 40.9% success rate. Gershell covers the Healthcare sector, focusing on stocks such as Milestone Pharmaceuticals, BioMarin Pharmaceutical, and Corbus Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ascendis Pharma with a $190.22 average price target, a 25.7% upside from current levels. In a report issued on November 12, Credit Suisse also maintained a Buy rating on the stock with a $178.00 price target.
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The company has a one-year high of $178.26 and a one-year low of $92.00. Currently, Ascendis Pharma has an average volume of 160.9K.
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Ascendis Pharma A/S is a biopharmaceutical company, which engages in the development of drug candidates. Through its TransCon technology, it develops a pipeline of sustained release prodrug therapies including endocrinology product candidates to support the market. The company was founded by Jan Moller Mikkelsen and Harald Rau in September 2006 and is headquartered in Hellerup, Denmark.
