SAGE Therapeutics (SAGE) Receives a Buy from Oppenheimer
Oppenheimer analyst Jay Olson maintained a Buy rating on SAGE Therapeutics (SAGE) today and set a price target of $102.00. The company’s shares closed last Monday at $74.79.
According to TipRanks.com, Olson is a 3-star analyst with an average return of 3.1% and a 45.4% success rate. Olson covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals, Madrigal Pharmaceuticals, and Enanta Pharmaceuticals.
SAGE Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $98.17, a 29.8% upside from current levels. In a report issued on April 7, Piper Sandler also initiated coverage with a Buy rating on the stock with a $100.00 price target.
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The company has a one-year high of $98.39 and a one-year low of $26.90. Currently, SAGE Therapeutics has an average volume of 482.5K.
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SAGE Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of novel medicines to treat life-altering central nervous system. Its programs include brexanolone, which is an acute interventional treatment for postpartum depression; and SAGE-217, an oral therapy for treatment of various CNS disorders. The company was founded by Steven Marc Paul and Douglas Covey in April 2010 and is headquartered in Cambridge, MA.
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