Agios Pharmaceuticals (NASDAQ:AGIO) pops as FDA review moves price above average target
Agios Pharmaceuticals soared Tuesday after the FDA granted its sickle-cell disease application priority review. Shares pushed through the average Wall Street price target before any official FDA decision. Agios traded at $42.95, 9.2% higher than Google Finance’s $39.33 average 12-month target. Shares were also 34.2% over RBC Capital’s $32 target, which TradingView, via The Fly, said RBC just raised from $28. BofA has a $46 target, leaving about 7.1% upside.