According to TipRanks.com, Belanger is a 4-star analyst with an average return of 9.1% and a 49.5% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, Collegium Pharmaceutical, and KalVista Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aerie Pharma with a $27.25 average price target, implying a 44.6% upside from current levels. In a report issued on April 5, Mizuho Securities also maintained a Buy rating on the stock with a $28.00 price target.
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.