RBC Capital Initiates Coverage On NewAmsterdam Pharma with Outperform Rating, Announces Price Target of $25
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Leonid Timashev has initiated coverage on NewAmsterdam Pharma (NASDAQ:NAMS) with an Outperform rating and a price target of $25.
October 30, 2023 | 10:53 am
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RBC Capital has initiated coverage on NewAmsterdam Pharma with an Outperform rating and a price target of $25, which could positively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, RBC Capital's Outperform rating suggests that they expect NewAmsterdam Pharma to outperform the market or its sector in the near term. Additionally, the price target of $25 indicates their expectation that the stock will reach this price in the given timeframe. This positive outlook could lead to increased investor interest and potentially drive the stock price up.
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