Oppenheimer analyst Matthew Hershenhorn initiated coverage of Axsome Therapeutics (AXSM) with an Outperform rating and $185 price target The firm views Axsome as a “uniquely attractive” mid-cap biopharma company in neuroscience, based on “multiple differentiating advantages.” The company offers accelerating revenue growth with three approved products, a broad pipeline including label expansion opportunities and late-stage assets, which remain underappreciated by the consensus, and several upcoming catalysts that could unlock additional value, the analyst tells investors in a research note. Opco views 2025 and 2026 as a “transformational period” for Axsome, saying the company’s sales growth and synergies could drive profitability in 2026.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXSM:
- Strategic Settlements and Market Opportunities Bolster Axsome Therapeutics’ Buy Rating
- Buy Rating for Axsome Therapeutics Driven by Auvelity’s Promising Growth and Market Potential
- Axsome Therapeutics Settles Patent Litigation on SUNOSI
- Axsome Therapeutics enters settlement agreement with Hetero Labs
- Strong Commercial Trajectory and Growth Potential Justify Buy Rating for Axsome Therapeutics
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue