SAGE Therapeutics (SAGE) Tops Q1 EPS by 27c, Revenues Miss

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Sage Therapeutics (SAGE) PT Lowered to $84 at RBC Capital Following Earnings

May 4, 2021 12:52 PM EDT

RBC Capital analyst Brian Abrahams lowered the price target on Sage Therapeutics (NASDAQ: SAGE) to $84.00 (from $89.00) while maintaining a Sector Perform rating following results.

The analyst commented, "This morning, SAGE reported 1Q21 earnings and guided for $1.7B in cash by end-'21, for a burn rate of... More