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Ladenburg Thalmann Maintains Axsome Therapeutics(AXSM.US) With Buy Rating, Raises Target Price to $175

Futu News ·  Nov 13 22:31  · Ratings

Ladenburg Thalmann analyst Matthew Kaplan maintains $Axsome Therapeutics (AXSM.US)$ with a buy rating, and adjusts the target price from $173 to $175.

According to TipRanks data, the analyst has a success rate of 47.0% and a total average return of 13.6% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Axsome Therapeutics (AXSM.US)$'s main analysts recently are as follows:

  • Following a third-quarter update that presented a revenue surpassing expectations and positive developments in the pipeline, sentiments on Axsome Therapeutics remain optimistic. Clarifications regarding the schedule of two concurrent Phase 3 Auvelity ADA trials have delineated the timeline for upcoming catalyst events, with expectations for simultaneous study outcomes in the fourth quarter. It's believed that achieving success in either one of the two ADA trials would be sufficient to dispel any lingering concerns about the regulatory outlook for this significant label expansion.

  • The third quarter of 2024 saw robust performance, largely driven by a significant increase in Auvelity sales. The company remains a favored choice due to the anticipation of several key events that could positively influence its stock by the close of the fourth quarter of 2024.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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