HC Wainwright & Co. Maintains Buy on Cytokinetics, Raises Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Joseph Pantginis has reaffirmed a Buy rating on Cytokinetics (NASDAQ:CYTK) and increased the price target from $58 to $94, indicating a positive outlook on the company's stock.
December 27, 2023 | 4:36 pm
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Cytokinetics' stock rating has been maintained as a Buy by HC Wainwright & Co., with a significant increase in the price target from $58 to $94, suggesting strong confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health, which can positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100