H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Axsome Therapeutics (NASDAQ:AXSM) Inc on Tuesday, setting a price target of $210, which is approximately 207.29% above the present share price of $68.34.
Selvaraju expects Axsome Therapeutics Inc to post earnings per share (EPS) of -$0.49 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Axsome Therapeutics, with an average price target of $210.
The analysts price targets range from a high of $210 to a low of $210.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $0 and a net profit of -$17.78 million. The company's market cap is $2.55 billion.
According to TipRanks.com, H.C. Wainwright analyst Ram Selvaraju is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.3% and a 38.71% success rate.
Axsome Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in developing novel therapies for the management of central nervous system disorders. Its product candidates include AXS-02 and AXS-06 which are developing for multiple indications. The company was founded by Herriot Tabuteau on January 12, 2012 and is headquartered in New York, NY.