After Oppenheimer and H.C. Wainwright gave Acceleron Pharma (NASDAQ: XLRN) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Yaron Werber maintained a Buy rating on Acceleron Pharma today and set a price target of $78.00. The company’s shares closed last Monday at $50.39, close to its 52-week high of $50.40.
According to TipRanks.com, Werber is a 5-star analyst with an average return of 19.5% and a 70.8% success rate. Werber covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Springworks Therapeutics, and Rocket Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Acceleron Pharma with a $61.44 average price target, implying a 23.4% upside from current levels. In a report issued on December 3, H.C. Wainwright also maintained a Buy rating on the stock with a $88.00 price target.
The company has a one-year high of $50.40 and a one-year low of $37.01. Currently, Acceleron Pharma has an average volume of 340K.
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Acceleron Pharma, Inc. is a biopharmaceutical company, which engages in the discovery, development, and commercialization of therapeutics to treat serious and rare diseases. Its product candidates include Luspatercept, designed to patients with chronic anemia associated within a wide range of blood diseases; ACE-083, designed for the treatment of focal muscle disorders; and Sotatercept, designed to treat pulmonary arterial hypertension. The company was founded by John L. Knopf and Thomas P. Maneates in June 2003 and is headquartered in Cambridge, MA.