Needham Reinstates Buy on Arcellx, Maintains $51 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Gil Blum has reinstated Arcellx (NASDAQ:ACLX) with a Buy rating and maintained a $51 price target.

August 15, 2023 | 11:18 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Arcellx (NASDAQ:ACLX) has been reinstated with a Buy rating by Needham, with a maintained price target of $51.
The reinstatement of a Buy rating by Needham is a positive signal for Arcellx. This suggests that the analyst sees potential upside in the stock, which could drive investor interest and potentially lead to a short-term increase in the stock price. The maintained price target of $51 also indicates that the analyst believes the stock is undervalued at current levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100