Guggenheim Maintains Buy on MoonLake, Raises Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Yatin Suneja has reaffirmed a Buy rating on MoonLake (NASDAQ:MLTX) and increased the price target from $70 to $77.
November 15, 2023 | 7:04 pm
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Guggenheim analyst Yatin Suneja has maintained a Buy rating on MoonLake and raised the price target from $70 to $77, indicating a positive outlook on the stock.
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 90
RELEVANCE 100