ACADIA Pharmaceuticals (ACAD) Gets a Buy Rating from J.P. Morgan

By Austin Angelo

J.P. Morgan analyst Cory Kasimov maintained a Buy rating on ACADIA Pharmaceuticals (ACADResearch Report) on November 25. The company’s shares closed last Monday at $47.17, close to its 52-week high of $48.27.

According to TipRanks.com, Kasimov is a 4-star analyst with an average return of 5.9% and a 47.4% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Global Blood Therapeutics, and Alexion Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ACADIA Pharmaceuticals with a $55.58 average price target, which is a 16.4% upside from current levels. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $60.00 price target.

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The company has a one-year high of $48.27 and a one-year low of $14.01. Currently, ACADIA Pharmaceuticals has an average volume of 2.05M.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is neutral on the stock.

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ACADIA Pharmaceuticals, Inc. operates as a biopharmaceutical company focused on the development and commercialization of medicines to address unmet medical needs in central nervous system, or CNS, disorders. It operates through development and commercialization of innovative medicines segment.