Buy Rating Reiterated as Auvelity’s Expanded Alzheimer’s Opportunity Drives Upgraded $276 Price Target

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2026.05.05 08:55
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Jason Gerberry from Bank of America Securities reiterated a Buy rating on Axsome Therapeutics, raising the price target to $276. He cites Auvelity’s expanding commercial opportunity in Alzheimer’s disease agitation and management’s $8 billion peak sales ambition as key factors. The upcoming launch and a strengthened sales force are expected to drive growth. Needham also assigned a Buy rating with a $267 target. Gerberry is a 5-star analyst with an 18.9% average return and a 61.32% success rate.