Glaukos shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $66 to $91.
Portfolio Pulse from Benzinga Newsdesk
Glaukos Corporation's stock (GKOS) is experiencing an uptick after JP Morgan upgraded the stock from Neutral to Overweight and increased the price target from $66 to $91.
December 21, 2023 | 7:11 pm
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POSITIVE IMPACT
Glaukos Corporation's stock is likely to see a positive short term impact due to the upgrade from JP Morgan from Neutral to Overweight and a significant raise in the price target from $66 to $91.
Analyst upgrades and revised price targets are strong indicators that can influence investor sentiment and stock prices. JP Morgan's upgrade to Overweight suggests a positive outlook on Glaukos's performance, and the substantial increase in the price target may lead to increased investor confidence and buying activity, driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100