Needham Reiterates Buy on Merus, Maintains $45 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ami Fadia has reiterated a 'Buy' rating on Merus (NASDAQ:MRUS) and maintained a price target of $45.
August 08, 2023 | 9:32 am
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Needham analyst Ami Fadia has reiterated a 'Buy' rating on Merus, maintaining a price target of $45. 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 $45 suggests that the analyst believes the stock is still undervalued, which could encourage investors to buy, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100