Mizuho Maintains Buy on Alexandria Real Estate, Raises Price Target to $154
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vikram Malhotra has reaffirmed a Buy rating on Alexandria Real Estate Equities (NYSE:ARE) and increased the price target from $145 to $154. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from the current trading levels.
January 03, 2024 | 2:28 pm
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Mizuho analyst Vikram Malhotra has maintained a Buy rating on Alexandria Real Estate Equities and raised the price target to $154, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst typically signals confidence in the company's future performance and can lead to increased investor interest. As the price target suggests a higher potential value than the current market price, this could result in a short-term positive impact on ARE's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100