Needham Believes Collegium Pharmaceutical (COLL) Still Has Room to Grow
In a report released today, Serge Belanger from Needham maintained a Buy rating on Collegium Pharmaceutical (COLL), with a price target of $34.00. The company’s shares closed last Thursday at $26.03, close to its 52-week high of $26.91.
According to TipRanks.com, Belanger is a 4-star analyst with an average return of 13.6% and a 51.9% success rate. Belanger covers the Healthcare sector, focusing on stocks such as KalVista Pharmaceuticals, Zynerba Pharmaceuticals, and Verrica Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Collegium Pharmaceutical with a $35.00 average price target, a 33.5% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $33.00 price target.
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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.
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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.