Needham Reiterates Buy on Merus, Maintains $42 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia has reiterated a Buy rating on Merus (NASDAQ:MRUS) and maintained a $42 price target for the company's stock.
November 28, 2023 | 10:19 am
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POSITIVE IMPACT
Needham analyst Ami Fadia reaffirmed a Buy rating on Merus and kept the price target at $42, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a reputable analyst like Ami Fadia from Needham tends to instill confidence in investors and can positively influence the stock price in the short term. The maintained price target of $42 suggests that the analyst sees continued upside potential in the stock, which could encourage investors to maintain or establish positions in MRUS.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100