Canaccord Genuity Reiterates Buy on Cybin, Maintains $5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Sumant Kulkarni has reiterated a 'Buy' rating on Cybin (AMEX:CYBN) and maintained a $5 price target.
September 01, 2023 | 2:33 pm
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Canaccord Genuity has reiterated a 'Buy' rating on Cybin, maintaining a $5 price target. This could potentially boost investor confidence in the stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. A reiterated 'Buy' rating and maintained price target from a reputable firm like Canaccord Genuity could potentially boost investor confidence in Cybin, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100