B of A Securities Maintains Buy on Certara, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Michael Ryskin maintains a 'Buy' rating on Certara (NASDAQ:CERT) but lowers the price target from $27 to $24.
August 15, 2023 | 1:22 pm
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NEUTRAL IMPACT
Despite a lowered price target, Certara maintains a 'Buy' rating from B of A Securities, indicating continued confidence in the company's potential.
The lowered price target could indicate a perceived decrease in Certara's short-term growth potential. However, the maintained 'Buy' rating suggests that B of A Securities still sees long-term value in the company. This could lead to mixed investor reactions, potentially stabilizing the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100