Piper Sandler Assumes California Bancorp at Overweight, Announces Price Target of $19
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Nicholas Cucharale has assumed California Bancorp (NASDAQ:CALB) with an Overweight rating and set a price target of $19.

July 11, 2023 | 9:27 am
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Piper Sandler's Overweight rating and price target of $19 for California Bancorp could potentially drive the stock price up in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, Piper Sandler's Overweight rating indicates that they believe CALB's stock will outperform the market, which could encourage investors to buy the stock and drive the price up. The price target of $19 also suggests that they believe the stock is currently undervalued, which could further boost investor interest.
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