Avadel Pharmaceuticals (AVDL) Gets a Buy Rating from LifeSci Capital

LifeSci Capital analyst David Sherman maintained a Buy rating on Avadel Pharmaceuticals (AVDLResearch Report) on July 1 and set a price target of $23.00. The company’s shares closed last Thursday at $7.97.

According to TipRanks.com, Sherman is ranked #6080 out of 6749 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Avadel Pharmaceuticals with a $18.25 average price target, a 127.0% upside from current levels. In a report issued on June 30, H.C. Wainwright also initiated coverage with a Buy rating on the stock with a $15.00 price target.

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The company has a one-year high of $13.49 and a one-year low of $1.82. Currently, Avadel Pharmaceuticals has an average volume of 852.6K.

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Avadel Pharmaceuticals Plc engages in the development and commercialization of pharmaceutical products. It offers Bloxiverz, Vazculep, and Akovaz. The company was founded on December 1, 2015 and is headquartered in Dublin, Ireland.