Oppenheimer Maintains Outperform on Opthea, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Hartaj Singh has maintained an 'Outperform' rating on Opthea (NASDAQ:OPT) but lowered the price target from $31 to $16.
September 13, 2023 | 4:25 pm
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Opthea's price target has been lowered from $31 to $16 by Oppenheimer, although the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could negatively impact Opthea's stock price in the short term as it indicates a lower expected future value. However, the maintenance of the 'Outperform' rating suggests that the analyst still expects the stock to outperform its peers.
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