H.C. Wainwright Believes Collegium Pharmaceutical (COLL) Still Has Room to Grow
In a report released today, Oren Livnat from H.C. Wainwright reiterated a Buy rating on Collegium Pharmaceutical (COLL), with a price target of $33.00. The company’s shares closed last Thursday at $26.03, close to its 52-week high of $26.91.
According to TipRanks.com, Livnat is a 5-star analyst with an average return of 17.5% and a 57.3% success rate. Livnat covers the Healthcare sector, focusing on stocks such as Zynerba Pharmaceuticals, Verrica Pharmaceuticals, and Taiwan Liposome Company.
Collegium Pharmaceutical has an analyst consensus of Strong Buy, with a price target consensus of $35.00, implying a 33.5% upside from current levels. In a report issued on February 12, Needham also assigned a Buy rating to the stock with a $34.00 price target.
See today’s analyst top recommended stocks >>
Collegium Pharmaceutical’s market cap is currently $900.2M and has a P/E ratio of 49.00. The company has a Price to Book ratio of -4.71.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Collegium Pharmaceutical, Inc. operates as a pharmaceutical company, which engages in the developing and planning to commercialize next generation, abuse-deterrent products for the treatment of patients suffering from chronic pain and other diseases. Its products include Xtampza ER, Nucynta ER and Nucynta IR. The Xtampza ER provides pain control while maintaining its extended-release drug release profile after being subjected to common methods of abuse and accidental misuse. The Nucynta ER for the treatment of chronic pain and neuropathic pain associated with diabetic peripheral neuropathy. The Nucynta IR is a release formulation of tapentadol indicated for the management of acute pain severe enough to require an opioid analgesic. The company was founded by Michael Thomas Heffernan in October 2003 and is headquartered in Stoughton, MA.