ACADIA Pharmaceuticals (ACAD) stock: $36 Target And Buy Rating

By Amit Chowdhry ● Jun 20, 2022
  • The shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) have received a $36 price target from H.C. Wainwright. These are the details.

The shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) have received a $36 price target from H.C. Wainwright. And H.C. Wainwright analyst Andrew Fein is maintaining a “Buy” rating on the shares.

Fein adjusted the rating while noting that the FDA’s view on pimavanserin in Alzheimer’s disease psychosis in a recent briefing document does not aggressively turn Acadia’s rationale down. And this gives ACADIA a window of opportunity to argue in favor of approval of pimavanserin in ADP. Plus ACADIA does not believe the FDA has changed its position from its earlier views.

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