JMP Securities Maintains Market Outperform on ACADIA Pharmaceuticals, Raises Price Target to $39
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Jason Butler maintains a Market Outperform rating on ACADIA Pharmaceuticals and raises the price target from $31 to $39.
July 14, 2023 | 12:32 pm
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POSITIVE IMPACT
ACADIA Pharmaceuticals' price target has been raised from $31 to $39 by JMP Securities, maintaining a Market Outperform rating.
The news of JMP Securities raising the price target for ACADIA Pharmaceuticals from $31 to $39 while maintaining a Market Outperform rating is likely to have a positive impact on the company's stock in the short term. This is because such an upgrade usually signals the analyst's increased confidence in the company's future performance, which can influence investors to buy the stock, thereby driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100