Needham Reiterates Buy on MoonLake, Maintains $76 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Serge Belanger has reiterated a 'Buy' rating on MoonLake (NASDAQ:MLTX) and maintained a price target of $76.
September 12, 2023 | 10:11 am
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MoonLake's stock rating has been reiterated as 'Buy' by Needham analyst Serge Belanger, with a maintained price target of $76.
The reiteration of a 'Buy' rating by a Needham analyst indicates a positive outlook for MoonLake. The maintained price target of $76 suggests that the analyst believes the stock is still undervalued, which could lead to upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100