Cowen & Co. Thinks Clearside Biomedical’s Stock is Going to Recover

By Austin Angelo

In a report released today, Boris Peaker from Cowen & Co. reiterated a Buy rating on Clearside Biomedical (NASDAQ: CLSD). The company’s shares opened today at $6.96, close to its 52-week low of $5.44.

According to TipRanks.com, Peaker is a 4-star analyst with an average return of 5.0% and a 41.9% success rate. Peaker covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals Inc, Corvus Pharmaceuticals Inc, and Merrimack Pharmaceuticals.

Clearside Biomedical has an analyst consensus of Strong Buy, with a price target consensus of $28.

The company has a one year high of $25.08 and a one year low of $5.44. Currently, Clearside Biomedical has an average volume of 203.6K.

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Clearside Biomedical, Inc. is a clinical stage biopharmaceutical company, which develops drug therapies to treat chronic, blinding diseases of the eye, with a particular emphasis on diseases affecting the choroid and retina. The company was founded by Samirkumar Patel, Vladimir Zarnitsyn, Mark Prausnitz, Daniel H. White, and Henry Edelhauser in May 2011 and is headquartered in Alpharetta, GA.