Janney Montgomery Scott Initiates Coverage On NET Power with Buy Rating, Announces Price Target of $35
Portfolio Pulse from richadhand@benzinga.com
Janney Montgomery Scott has initiated coverage on NET Power (NYSE:NPWR) with a Buy rating and a price target of $35.
July 14, 2023 | 1:25 pm
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Janney Montgomery Scott has initiated coverage on NET Power with a Buy rating and a price target of $35. This could potentially increase investor confidence and drive the stock price up in the short term.
Analyst ratings often influence investor sentiment and can drive stock prices. A Buy rating indicates that the analyst believes the stock will outperform the market, which can lead to increased buying pressure and a rise in the stock price. The price target of $35 also suggests that the analyst sees significant upside potential for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100