Ascendis Pharma A/S (ASND) Given New $75.00 Price Target at JPMorgan Chase & Co.
Ascendis Pharma A/S (NASDAQ:ASND) had its target price hoisted by JPMorgan Chase & Co. to $75.00 in a research note published on Wednesday morning. The firm currently has an overweight rating on the biotechnology company’s stock.
Several other equities research analysts have also recently weighed in on ASND. Credit Suisse Group increased their target price on Ascendis Pharma A/S from $50.00 to $78.00 and gave the company an outperform rating in a report on Tuesday. Zacks Investment Research upgraded Ascendis Pharma A/S from a sell rating to a hold rating in a report on Thursday, March 1st. Wedbush restated an outperform rating and set a $62.00 target price on shares of Ascendis Pharma A/S in a report on Tuesday, February 6th. BidaskClub upgraded Ascendis Pharma A/S from a hold rating to a buy rating in a report on Wednesday, December 27th. Finally, HC Wainwright restated a buy rating on shares of Ascendis Pharma A/S in a report on Friday, January 19th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $59.83.
ASND stock opened at $66.04 on Wednesday. Ascendis Pharma A/S has a fifty-two week low of $21.95 and a fifty-two week high of $69.00.
About Ascendis Pharma A/S
Ascendis Pharma A/S is a clinical-stage biopharmaceutical company. The Company is engaged in applying its TransCon technology to develop sustained release prodrug therapies with several product candidates in clinical and preclinical development. The Company is developing its product candidate, TransCon human growth hormone (TransCon hGH) for once-weekly administration to treat growth hormone deficiency (GHD) and other indications.
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