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Needham Maintains a Buy Rating on Aerie Pharma (AERI)

In a report released today, Serge Belanger from Needham maintained a Buy rating on Aerie Pharma (AERIResearch Report), with a price target of $14.00. The company’s shares closed last Wednesday at $8.61.

According to TipRanks.com, Belanger is a 4-star analyst with an average return of 6.3% and a 47.1% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Clarus Therapeutics Holdings, Amphastar Pharmaceuticals, and Collegium Pharmaceutical.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aerie Pharma with a $18.20 average price target.

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Aerie Pharma’s market cap is currently $378.4M and has a P/E ratio of -4.75.

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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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