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ACADIA Pharmaceuticals (ACAD) Gets a Buy Rating from SVB Securities

In a report released today, Marc Goodman from SVB Securities maintained a Buy rating on ACADIA Pharmaceuticals (ACADResearch Report), with a price target of $27.00. The company’s shares closed last Friday at $15.74.

According to TipRanks.com, Goodman is a 2-star analyst with an average return of 0.2% and a 46.8% success rate. Goodman covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co, Opthea Limited Sponsored ADR, and Amylyx Pharmaceuticals Inc.

ACADIA Pharmaceuticals has an analyst consensus of Moderate Buy, with a price target consensus of $22.64, representing a 45.7% upside. In a report issued on July 7, RBC Capital also maintained a Buy rating on the stock with a $26.00 price target.

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ACADIA Pharmaceuticals’ market cap is currently $2.54B and has a P/E ratio of -11.81.

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ACADIA Pharmaceuticals, Inc. operates as a biopharmaceutical company focused on the development and commercialization of medicines to address unmet medical needs in central nervous system, or CNS, disorders. The firms product include Nuplazid, which is used for the treatment of hallucinations and delusions associated with Parkinson’s disease psychosis. The company was founded by Mark R. Brann on July 16, 1993 and is headquartered in San Diego, CA.

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