Needham Maintains Buy on Axonics, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Matson has maintained a 'Buy' rating on Axonics (NASDAQ:AXNX) but lowered the price target from $76 to $63.
October 31, 2023 | 10:52 am
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NEUTRAL IMPACT
Axonics' price target has been lowered from $76 to $63 by Needham, though the 'Buy' rating is maintained.
The news directly pertains to Axonics as Needham has lowered its price target for the company. However, the 'Buy' rating is maintained which indicates that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100