Needham Maintains Buy on Arcellx, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Gil Blum has reaffirmed a Buy rating on Arcellx (NASDAQ:ACLX) and increased the price target from $51 to $60, indicating a positive outlook on the company's stock.
November 15, 2023 | 6:35 pm
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Needham analyst Gil Blum has maintained a Buy rating on Arcellx and raised the price target to $60, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a positive outlook on the stock, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100