Axsome Therapeutics stock hits 34-month high

After the slump on weak quarterly results, investors turned positive on Axsome Therapeutics (AXSM) stock, which climbed to the 34-month high of $11.33 on Monday. Traders were positive on the company’s patient enrollment in Migraine final trial as well as its commitment to developing therapies for serious central nervous system disorders.
Majority of the analysts recommended a “strong buy” rating while expecting the stock to reach $24.75 per share in the next 52 weeks. They tend to value the company much more than the present scenario due to its venture in developing therapies for resistant depression and in agitation associated with Alzheimer’s disease as well as for smoking cessation.

Axsome Therapeutics stock climbs to 34-month high | AlphaStreet