Needham Thinks Aerie Pharma’s Stock is Going to Recover

In a report released today, Serge Belanger from Needham assigned a Buy rating to Aerie Pharma (AERIResearch Report), with a price target of $26.00. The company’s shares closed last Thursday at $11.49, close to its 52-week low of $10.22.

According to TipRanks.com, Belanger is a 2-star analyst with an average return of 0.1% and a 40.7% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, KalVista Pharmaceuticals, and Collegium Pharmaceutical.

Aerie Pharma has an analyst consensus of Strong Buy, with a price target consensus of $27.50.

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The company has a one-year high of $26.26 and a one-year low of $10.22. Currently, Aerie Pharma has an average volume of 662.8K.

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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.