Needham Maintains Buy on Arcellx, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Gil Blum has reaffirmed a Buy rating on Arcellx (NASDAQ: ACLX) and increased the price target from $60 to $65.
December 11, 2023 | 11:18 am
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Needham analyst Gil Blum maintains a Buy rating on Arcellx and raises the price target from $60 to $65, 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 85
RELEVANCE 100