Cantor Fitzgerald Reiterates Overweight on Arcutis Biotherapeutics, Maintains $50 Price Target
Portfolio Pulse from richadhand@benzinga.com
Cantor Fitzgerald analyst Louise Chen has reiterated an Overweight rating on Arcutis Biotherapeutics (NASDAQ:ARQT) and maintained a $50 price target.
August 22, 2023 | 2:08 pm
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Cantor Fitzgerald has reiterated an Overweight rating on Arcutis Biotherapeutics and maintained a $50 price target.
The reiteration of an Overweight rating by Cantor Fitzgerald indicates a positive outlook for Arcutis Biotherapeutics. The maintained price target of $50 suggests that the analyst believes the stock is undervalued at current levels, which could lead to upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100