Femasys shares are trading higher after HC Wainwright maintained a Buy rating on the stock and raised its price target from $5 to $13.
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright has maintained a Buy rating on Femasys and raised its price target from $5 to $13, leading to a rise in Femasys' stock price.
September 29, 2023 | 2:22 pm
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Femasys' stock price is expected to rise in the short term due to HC Wainwright maintaining a Buy rating and raising its price target from $5 to $13.
Analyst ratings and price targets significantly influence stock prices. HC Wainwright's decision to maintain a Buy rating and raise the price target for Femasys indicates a positive outlook for the company, which is likely to attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100