After Citigroup and Needham gave Aerie Pharma (NASDAQ: AERI) a Buy rating last month, the company received another Buy, this time from Mizuho Securities. Analyst Difei Yang maintained a Buy rating on Aerie Pharma today and set a price target of $54.00. The company’s shares closed last Monday at $24.11.
According to TipRanks.com, Yang is a 3-star analyst with an average return of 0.9% and a 43.4% success rate. Yang covers the Healthcare sector, focusing on stocks such as Audentes Therapeutics, Xeris Pharmaceuticals, and Revance Therapeutics.
Currently, the analyst consensus on Aerie Pharma is a Strong Buy with an average price target of $39.20, implying a 57.9% upside from current levels. In a report issued on January 9, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $32.00 price target.
The company has a one-year high of $50.10 and a one-year low of $17.15. Currently, Aerie Pharma has an average volume of 991.7K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AERI in relation to earlier this year.
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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.