Needham Reiterates Buy on Gamida Cell, Maintains $6 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Gil Blum has reiterated a 'Buy' rating on Gamida Cell (NASDAQ:GMDA) and maintained a price target of $6.
August 15, 2023 | 8:13 am
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Needham analyst Gil Blum has reiterated a 'Buy' rating on Gamida Cell and maintained a price target of $6. 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 prospects. The maintained price target of $6 suggests that the analyst believes the stock is undervalued at current prices, which could encourage buying activity.
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