HC Wainwright & Co. Maintains Buy on Arcellx, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Emily Bodnar has reaffirmed a Buy rating on Arcellx (NASDAQ:ACLX) and increased the price target from $50 to $60, indicating a positive outlook on the company's stock.
November 15, 2023 | 6:48 pm
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Arcellx's stock rating has been maintained as Buy by HC Wainwright & Co., with the price target raised from $50 to $60, suggesting confidence in the company's growth prospects.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100