Needham Reiterates Buy on Glaukos, Maintains $89 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst David Saxon has reiterated a 'Buy' rating on Glaukos (NYSE:GKOS), maintaining an $89 price target.
August 04, 2023 | 12:51 pm
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Needham analyst David Saxon has reiterated a 'Buy' rating on Glaukos, maintaining an $89 price target. This could potentially boost investor confidence in the stock.
Analyst ratings often influence investor sentiment. A reiterated 'Buy' rating indicates that the analyst continues to have confidence in the company's performance. The maintained price target of $89 suggests that the analyst believes the stock is still undervalued, which could encourage more investors to buy, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100