Why Axsome Therapeutics Stock Is Rising Today

Axsome Therapeutics, Inc. AXSM shares are trading higher Wednesday following a recent corporate presentation.

What To Know: During the presentation, the company provided peak sales estimates for drugs in its portfolio.

Additionally, Mizuho analyst Graig Suvannavejh reiterated Axsome Therapeutics with a Buy and maintained the $95 price target.

Earlier this week, Morgan Stanley analyst Vikram Purohit maintained Axsome Therapeutics with a Equal-Weight and raised the price target from $87 to $90.

Related Link: Why Allogene Stock Is Trading Down Today

AXSM Price Action: Shares of AXSM were up 8.63% at $81.34 at the time of publication, according to Benzinga Pro.

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