Truist Securities Maintains Buy Rating for Verastem: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for Verastem (NASDAQ:VSTM) but lowered its price target from $60.00 to $39.00. Verastem's shares are currently trading down 1.83% at $8.60 per share. A move to $39.00 would represent a 353.49% increase from the current share price.
July 11, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Truist Securities has maintained its Buy rating for Verastem but lowered its price target. This could potentially lead to increased volatility in the stock's price.
The decision by Truist Securities to maintain its Buy rating indicates a positive outlook for Verastem. However, the lowering of the price target could introduce uncertainty among investors, potentially leading to increased volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100