Needham Maintains Buy on Celcuity, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Gil Blum has maintained a Buy rating on Celcuity (NASDAQ:CELC) but has reduced the price target from $25 to $23.
November 13, 2023 | 11:29 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Needham analyst Gil Blum maintains a Buy rating on Celcuity but lowers the price target from $25 to $23, indicating a positive outlook but with a slightly reduced growth expectation.
The maintenance of a Buy rating suggests that Needham's outlook on Celcuity remains positive, which could be favorable for the stock. However, the reduction in the price target may reflect a tempered expectation for the stock's growth potential in the short term, which could lead to mixed reactions in the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100