Needham Thinks Aerie Pharma’s Stock is Going to Recover

Needham analyst Serge Belanger maintained a Buy rating on Aerie Pharma (AERIResearch Report) today and set a price target of $26.00. The company’s shares closed last Thursday at $10.73, close to its 52-week low of $9.01.

According to TipRanks.com, Belanger is a 3-star analyst with an average return of 1.2% and a 38.7% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, Collegium Pharmaceutical, and KalVista Pharmaceuticals.

Currently, the analyst consensus on Aerie Pharma is a Moderate Buy with an average price target of $26.70, implying a 141.2% upside from current levels. In a report issued on October 28, H.C. Wainwright also maintained a Buy rating on the stock with a $31.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $26.26 and a one-year low of $9.01. Currently, Aerie Pharma has an average volume of 743.6K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.