Aerie Pharma (AERI) Gets a Buy Rating from Oppenheimer

In a report released today, Francois Brisebois from Oppenheimer maintained a Buy rating on Aerie Pharma (AERIResearch Report), with a price target of $26.00. The company’s shares closed last Thursday at $18.12.

According to TipRanks.com, Brisebois is a 3-star analyst with an average return of 10.2% and a 42.4% success rate. Brisebois covers the Healthcare sector, focusing on stocks such as Avadel Pharmaceuticals, Diamedica Therapeutics, and Kala Pharmaceuticals.

Aerie Pharma has an analyst consensus of Strong Buy, with a price target consensus of $27.25, which is a 47.1% upside from current levels. In a report issued on April 5, Needham also assigned a Buy rating to the stock with a $26.00 price target.

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Based on Aerie Pharma’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $24.68 million and GAAP net loss of $46.14 million. In comparison, last year the company earned revenue of $24.66 million and had a GAAP net loss of $55.06 million.

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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. The company was founded by David L. Epstein, Casey C. Kopczynski, Thomas J. van Haarlem, and Eric J. Toone on June 22, 2005 and is headquartered in Durham, NC.