In a report released today, Charles Duncan from Cantor Fitzgerald reiterated a Buy rating on ACADIA Pharmaceuticals (ACAD), with a price target of $63.00. The company’s shares closed last Thursday at $49.34, close to its 52-week high of $53.71.
According to TipRanks.com, Duncan is a 5-star analyst with an average return of 10.8% and a 50.5% success rate. Duncan covers the Healthcare sector, focusing on stocks such as Intra-Cellular Therapies, Stealth Biotherapeutics, and Inovio Pharmaceuticals.
ACADIA Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $58.58, representing a 18.1% upside. In a report issued on May 5, Canaccord Genuity also maintained a Buy rating on the stock with a $56.00 price target.
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The company has a one-year high of $53.71 and a one-year low of $21.56. Currently, ACADIA Pharmaceuticals has an average volume of 1.36M.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock.
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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. The firms product include Nuplazid, which is used for the treatment of hallucinations and delusions associated with Parkinson’s disease psychosis. The company was founded by Mark R. Brann on July 16, 1993 and is headquartered in San Diego, CA.
