Needham Reiterates Buy on Paragon 28, Maintains $24 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Mike Matson has reiterated a 'Buy' rating on Paragon 28 (NYSE:FNA) and maintained a price target of $24.
August 04, 2023 | 12:51 pm
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Needham analyst Mike Matson has reiterated a 'Buy' rating on Paragon 28, maintaining a price target of $24. This could potentially boost investor confidence in the stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. A reiterated 'Buy' rating indicates that the analyst continues to have a positive outlook on the company. Maintaining the price target suggests that the analyst believes the stock is still undervalued at current levels, which could encourage more investors to buy, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100