Needham Keeps Their Buy Rating on Aerie Pharma (AERI)

In a report released today, Serge Belanger from Needham maintained a Buy rating on Aerie Pharma (AERI), with a price target of $40.00. The company’s shares closed last Monday at $15.00, close to its 52-week low of $13.09.

According to TipRanks.com, Belanger is ranked 0 out of 5 stars with an average return of -7.3% and a 29.7% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, KalVista Pharmaceuticals, and Collegium Pharmaceutical.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aerie Pharma with a $39.20 average price target, a 177.6% upside from current levels. In a report issued on February 28, Mizuho Securities also maintained a Buy rating on the stock with a $54.00 price target.

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The company has a one-year high of $50.10 and a one-year low of $13.09. Currently, Aerie Pharma has an average volume of 938.5K.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is neutral on the stock.

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Aerie Pharmaceuticals, Inc. engages in the discovery, development, and commercialization of therapies for the treatment of patients with open-angle glaucoma, retinal diseases and other diseases of the eye. Its products include Rhopressa, Roclatan, AR-13503, and AR-1105.