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Axsome Therapeutics (AXSM) Receives a Buy from Leerink Partners

In a report issued on March 28, Marc Goodman from Leerink Partners maintained a Buy rating on Axsome Therapeutics (AXSMResearch Report). The company’s shares closed last Tuesday at $39.31.

According to TipRanks.com, Goodman is a 3-star analyst with an average return of 2.9% and a 47.3% success rate. Goodman covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co, Amylyx Pharmaceuticals Inc, and Intra-Cellular Therapies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Axsome Therapeutics with a $91.83 average price target, representing a 154.7% upside. In a report issued on March 28, Mizuho Securities also reiterated a Buy rating on the stock with a $51.00 price target.

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Axsome Therapeutics’ market cap is currently $1.35B and has a P/E ratio of -10.13.

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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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