Needham Thinks Aerie Pharma’s Stock is Going to Recover

In a report released today, Serge Belanger from Needham maintained a Buy rating on Aerie Pharma (AERIResearch Report), with a price target of $22.00. The company’s shares closed last Thursday at $7.46, close to its 52-week low of $6.67.

According to, Belanger is a 1-star analyst with an average return of -0.3% and a 37.3% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Clarus Therapeutics Holdings, Amphastar Pharmaceuticals, and Collegium Pharmaceutical.

Currently, the analyst consensus on Aerie Pharma is a Moderate Buy with an average price target of $21.00.

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The company has a one-year high of $21.30 and a one-year low of $6.67. Currently, Aerie Pharma has an average volume of 1.14M.

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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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