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Axsome Therapeutics (AXSM) Gets a Buy Rating from Berenberg Bank

In a report released today, Esther Hong from Berenberg Bank maintained a Buy rating on Axsome Therapeutics (AXSMResearch Report), with a price target of $109.00. The company’s shares closed last Thursday at $44.20.

According to TipRanks.com, Hong ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -17.7% and a 27.2% success rate. Hong covers the Healthcare sector, focusing on stocks such as Cerevel Therapeutics Holdings, ACADIA Pharmaceuticals, and Aldeyra Therapeutics.

Currently, the analyst consensus on Axsome Therapeutics is a Strong Buy with an average price target of $87.57, which is an 86.9% upside from current levels. In a report issued on March 29, BTIG also maintained a Buy rating on the stock with a $62.00 price target.

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The company has a one-year high of $74.10 and a one-year low of $19.38. Currently, Axsome Therapeutics has an average volume of 710.2K.

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Axsome Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in developing novel therapies for the management of central nervous system disorders. Its product candidates include AXS-02 and AXS-06 which are developing for multiple indications. The company was founded by Herriot Tabuteau on January 12, 2012 and is headquartered in New York, NY.

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