Needham raised the firm’s price target on Acadia Pharmaceuticals (ACAD) to $34 from $29 and keeps a Buy rating on the shares. The firm views the shares as undervalued despite the 50% increase in 2025. 2026 could be another strong year for Acadia with continued commercial execution and “de-risked upside” from the Phase 2 study data expected in mid-2026, the analyst tells investors in a research note.
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