Veradermics, Incorporated (NYSE:MANE) Receives Average Recommendation of “Moderate Buy” from Analysts

Veradermics, Incorporated (NYSE:MANE) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $109.00.

A number of equities research analysts have issued reports on MANE shares. Cantor Fitzgerald began coverage on shares of Veradermics in a research note on Monday, March 2nd. They set an “overweight” rating on the stock. Wall Street Zen downgraded shares of Veradermics from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Leerink Partners raised their price target on shares of Veradermics from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings began coverage on shares of Veradermics in a research note on Tuesday, May 26th. They issued a “sell (d+)” rating on the stock. Finally, Citigroup raised their price target on shares of Veradermics from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, May 18th.

Veradermics Stock Performance

Shares of Veradermics stock opened at $95.91 on Friday. Veradermics has a 12-month low of $32.00 and a 12-month high of $117.71. The business’s 50-day moving average price is $90.35.

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

Veradermics Company Profile

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.