HC Wainwright & Co. Maintains Buy Rating for Entrada Therapeutics: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
HC Wainwright & Co. has maintained a Buy rating for Entrada Therapeutics (NASDAQ:TRDA) but lowered its price target from $25.00 to $20.00. Entrada's shares are currently trading at $11.51, and the new price target suggests a potential upside of 73.76%. Entrada focuses on developing intracellular biologics for treating devastating diseases.
November 27, 2023 | 5:00 pm
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POSITIVE IMPACT
HC Wainwright & Co. maintains a Buy rating on Entrada Therapeutics with a reduced price target of $20, indicating a significant potential upside from the current price of $11.51.
The maintenance of a Buy rating by a reputable analyst firm like HC Wainwright & Co. can be seen as a positive signal for investors, suggesting confidence in Entrada Therapeutics' fundamentals and future prospects. The reduction in the price target may slightly temper expectations, but the new target still represents a substantial upside from the current trading price. This could lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100