Mizuho Maintains Buy on Erasca, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Mara Goldstein has maintained a Buy rating on Erasca (NASDAQ:ERAS) but has reduced the price target from $8 to $7.
November 29, 2023 | 5:14 pm
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Mizuho analyst Mara Goldstein maintains a Buy rating on Erasca but lowers the price target from $8 to $7.
While the reduction in price target could suggest a more conservative outlook on the stock's value, the maintenance of a Buy rating indicates a continued positive view on the company's prospects. This mixed signal may lead to a neutral short-term impact on the stock price as investors weigh the lower price target against the analyst's overall positive recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100