JMP Securities Maintains Market Outperform on Notable Labs, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Silvan Tuerkcan has maintained a Market Outperform rating on Notable Labs (NASDAQ:NTBL) but has reduced the price target from $13 to $9.
December 19, 2023 | 5:14 pm
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JMP Securities has maintained a positive outlook on Notable Labs with a Market Outperform rating, but lowered the price target from $13 to $9, indicating a potential decrease in stock value.
The reduction in price target by JMP Securities suggests that while the firm still believes Notable Labs will outperform the market, they have adjusted their expectations for the stock's future price. This could lead to a short-term negative impact on the stock price as investors adjust to the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100