Analyst Expectations for Axsome Therapeutics's Future
Portfolio Pulse from Benzinga Insights
Axsome Therapeutics (NASDAQ:AXSM) has received positive analyst ratings in the last quarter, with 3 bullish and 2 somewhat bullish ratings. The average 12-month price target for the company, according to 5 analysts, is $103.2, an increase of 8.63% over the past month.
November 07, 2023 | 5:00 pm
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POSITIVE IMPACT
Axsome Therapeutics has received positive analyst ratings, which could boost investor confidence and potentially drive the stock price up in the short term.
Analyst ratings are often used by investors to gauge the potential future performance of a stock. In the case of Axsome Therapeutics, the positive ratings and increased price target suggest that analysts are optimistic about the company's prospects, which could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100