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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100