In a report released today, Edward White from H.C. Wainwright reiterated a Buy rating on Acceleron Pharma (XLRN – Research Report), with a price target of $68.00. The company’s shares closed last Monday at $40.27, close to its 52-week low of $37.01.
According to TipRanks.com, White is a 5-star analyst with an average return of 14.3% and a 48.8% success rate. White covers the Healthcare sector, focusing on stocks such as Spectrum Pharmaceuticals, Karyopharm Therapeutics, and TRACON Pharmaceuticals.
Currently, the analyst consensus on Acceleron Pharma is a Strong Buy with an average price target of $60.44, representing a 37.1% upside. In a report issued on October 29, Cowen & Co. also reiterated a Buy rating on the stock with a $78.00 price target.
The company has a one-year high of $59.08 and a one-year low of $37.01. Currently, Acceleron Pharma has an average volume of 255.7K.
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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.