JMP Securities Reiterates Market Outperform on Exelixis, Maintains $27 Price Target
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Silvan Tuerkcan has reiterated a 'Market Outperform' rating on Exelixis (NASDAQ:EXEL), maintaining a price target of $27. This reaffirmation of the stock's potential could influence investor sentiment and market expectations for EXEL.
December 14, 2023 | 5:02 pm
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POSITIVE IMPACT
Exelixis has been given a 'Market Outperform' rating by JMP Securities, with a reaffirmed price target of $27, indicating a positive outlook for the stock.
The reiteration of a 'Market Outperform' rating and the maintenance of a $27 price target by a reputable analyst could lead to increased investor confidence in Exelixis. This positive endorsement is likely to have a favorable impact on the stock price in the short term, as it suggests that the analyst sees potential for the stock to perform well in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100