Throne Healthtech shares are trading higher after Canaccord Genuity maintained a Buy rating on the stock but raised its price target from $6 to $7.
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Buy rating on Throne Healthtech's stock and raised its price target from $6 to $7. This has led to an increase in the trading of Throne Healthtech shares.
August 11, 2023 | 7:15 pm
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Throne Healthtech's stock price may increase in the short term due to Canaccord Genuity maintaining a Buy rating and raising its price target.
Analyst ratings and price targets can significantly influence a stock's price. In this case, Canaccord Genuity has not only maintained a Buy rating on Throne Healthtech's stock, indicating a positive outlook, but also raised its price target from $6 to $7. This suggests that they believe the stock is undervalued at its current price, which could lead to increased buying pressure and a subsequent rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100