Piper Sandler Maintains Overweight on BGC Group, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Patrick Moley maintains an Overweight rating on BGC Group (NASDAQ:BGC) and raises the price target from $7.5 to $8.
October 31, 2023 | 4:18 pm
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Piper Sandler's raised price target for BGC Group could potentially lead to an increase in the stock's price in the short term.
Analyst ratings and price targets can significantly influence a stock's price. In this case, Piper Sandler, a reputable financial institution, has maintained an Overweight rating on BGC Group and raised its price target. This suggests they believe the stock is undervalued and has potential for growth, which could lead to increased investor interest and a rise in the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100