Alliance Global Partners Maintains Buy on XORTX Therapeutics, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Alliance Global Partners analyst James Molloy has reaffirmed a Buy rating on XORTX Therapeutics (NASDAQ:XRTX) and increased the price target from $9 to $14, indicating a positive outlook on the company's stock.
January 04, 2024 | 2:09 pm
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XORTX Therapeutics' stock rating has been maintained as Buy by Alliance Global Partners, with the price target raised from $9 to $14, suggesting 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 85
RELEVANCE 100