Needham & Company LLC Begins Coverage on Veradermics (NYSE:MANE)

Analysts at Needham & Company LLC started coverage on shares of Veradermics (NYSE:MANE) in a research report issued on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $136.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 33.39% from the company’s current price.

A number of other research analysts have also weighed in on MANE. Weiss Ratings started coverage on shares of Veradermics in a research note on Tuesday, May 26th. They issued a “sell (d+)” rating on the stock. Jefferies Financial Group assumed coverage on shares of Veradermics in a research note on Monday, March 2nd. They issued a “buy” rating and a $75.00 price objective on the stock. Leerink Partners upped their price target on Veradermics from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Citigroup upped their price target on Veradermics from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded Veradermics to a “hold” rating in a report on Sunday, February 15th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Veradermics presently has an average rating of “Moderate Buy” and a consensus price target of $109.00.

Veradermics Stock Up 1.0%

NYSE MANE opened at $101.96 on Tuesday. Veradermics has a 52 week low of $32.00 and a 52 week high of $117.71. The firm’s 50 day moving average price is $84.45.

Veradermics (NYSE:MANE) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($1.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.76).

About Veradermics

MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.

The company’s product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.