The Analyst Landscape: 6 Takes On Axsome Therapeutics
Portfolio Pulse from Benzinga Insights
Axsome Therapeutics (NASDAQ:AXSM) has received mixed analyst ratings over the past three months, with 6 analysts offering opinions ranging from bullish to bearish. The average 12-month price target for AXSM is $135.67, with a high estimate of $180.00 and a low of $108.00, indicating a 50.74% increase from the previous average target of $90.00. Analysts from firms including Piper Sandler, HC Wainwright & Co., Cantor Fitzgerald, and Citigroup have provided updates, with one raising the price target from $90.00 to $113.00. Axsome Therapeutics is a clinical-stage biopharmaceutical company focused on CNS disorders. Financially, the company has shown a significant revenue growth rate of 243.07% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by its net margin of -107.62%, ROE of -22.69%, and ROA of -10.26%. Its debt-to-equity ratio of 0.69 is below the industry average.
January 16, 2024 | 3:00 pm
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Axsome Therapeutics has received a new average 12-month price target of $135.67, reflecting a 50.74% increase from the previous target. The company has shown substantial revenue growth but struggles with profitability and efficiency.
The increase in the average price target suggests a bullish sentiment among analysts, which could lead to positive investor sentiment and a potential short-term increase in stock price. However, concerns about profitability and efficiency may temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100