Aerie Pharma (AERI) Gets a Buy Rating from H.C. Wainwright

In a report released today, Oren Livnat from H.C. Wainwright reiterated a Buy rating on Aerie Pharma (AERIResearch Report), with a price target of $20.00. The company’s shares closed last Friday at $6.25, close to its 52-week low of $5.46.

According to TipRanks.com, Livnat has 0 stars on 0-5 stars ranking scale with an average return of -3.3% and a 39.5% success rate. Livnat covers the Healthcare sector, focusing on stocks such as Collegium Pharmaceutical, Verrica Pharmaceuticals, and Satsuma Pharmaceuticals.

Currently, the analyst consensus on Aerie Pharma is a Strong Buy with an average price target of $18.00, implying a 129.9% upside from current levels. In a report issued on May 6, Needham also maintained a Buy rating on the stock with a $14.00 price target.

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The company has a one-year high of $19.26 and a one-year low of $5.46. Currently, Aerie Pharma has an average volume of 773.7K.

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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.

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