Needham Reiterates Buy on Nkarta, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Gil Blum has reiterated a 'Buy' rating on Nkarta (NASDAQ:NKTX), but lowered the price target from $19 to $15.

August 10, 2023 | 4:00 pm
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Needham analyst has reiterated a 'Buy' rating on Nkarta but lowered the price target from $19 to $15.
The news is directly about Nkarta (NKTX). The reiteration of a 'Buy' rating is positive, indicating that the analyst still sees potential in the stock. However, the lowering of the price target from $19 to $15 might indicate a reduced growth expectation, which could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100