JP Morgan Upgrades Glaukos to Overweight, Raises Price Target to $91
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Allen Gong has upgraded Glaukos (NYSE:GKOS) from Neutral to Overweight and increased the price target from $66 to $91, indicating a positive outlook on the company's stock.
December 21, 2023 | 10:30 am
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Glaukos has been upgraded by JP Morgan from Neutral to Overweight with a raised price target from $66 to $91, suggesting a bullish stance on the stock.
Upgrades by major analysts like JP Morgan can have a significant positive impact on a stock's short-term price as they often lead to increased investor confidence and potential buying pressure. The substantial increase in the price target further emphasizes the analyst's conviction in the stock's upside potential.
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IMPORTANCE 90
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