Needham analyst Ami Fadia raised the firm’s price target on Axsome Therapeutics (AXSM) to $225 from $169 and keeps a Buy rating on the shares. The firm sees traction in 2026 for the company, based on potential approval and launch of Auvelity in Alzheimer’s disease agitation and pipeline development. Needham also expects continued strong performance of Auvelity in major depressive disorder.
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