Goldman Sachs Maintains Neutral Rating for BioXcel Therapeutics: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Neutral rating for BioXcel Therapeutics (NASDAQ:BTAI) and lowered its price target from $28.00 to $25.00. Shares of BTAI are trading down 4.76% at $18.40 per share.
May 26, 2023 | 5:01 pm
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Goldman Sachs maintains Neutral rating for BioXcel Therapeutics and lowers price target from $28 to $25. BTAI shares are down 4.76% at $18.40.
Goldman Sachs' decision to maintain a Neutral rating for BioXcel Therapeutics indicates that they do not expect significant short-term price movement. However, the lowered price target from $28 to $25 may have a slight negative impact on investor sentiment. The stock is currently down 4.76% at $18.40, but the new price target still represents a potential 35.87% increase from the current share price. Overall, the impact on BTAI's stock price in the short term is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100