HC Wainwright & Co. Maintains Buy on Absci, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Swayampakula Ramakanth has reaffirmed a Buy rating on Absci (NASDAQ:ABSI) and increased the price target from $4 to $7.
January 08, 2024 | 6:14 pm
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POSITIVE IMPACT
HC Wainwright & Co. analyst maintains a Buy rating on Absci and raises the price target from $4 to $7, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100