Wells Fargo lowered the firm’s price target on Axsome Therapeutics (AXSM) to $157 from $163 and keeps an Overweight rating on the shares. The firm believes AXS-05 approval in Alzheimer’s disease agitation offers upside to shares, as it continues to see regulatory approval as the most likely outcome. Wells thinks stock volatility is possible near-term as investors scrutinize priority vs. standard; its base case is standard given Rexulti.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXSM:
- Axsome Therapeutics Reports Strong Q3 2025 Growth
- Axsome Therapeutics’ Strong Market Position and Growth Potential Highlighted by Impressive Auvelity Performance and Strategic Expansion
- Axsome Therapeutics files automatic mixed securities shelf
- Axsome Therapeutics: Strong Financial Performance and Strategic Advancements Drive Buy Rating
- Axsome Therapeutics: Strong Financial Performance and Strategic Advancements Justify Buy Rating