Goldman Sachs Maintains Buy on Apellis Pharmaceuticals, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Salveen Richter has reaffirmed a Buy rating on Apellis Pharmaceuticals (NASDAQ:APLS) and increased the price target from $65 to $90. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from the current trading levels.
January 09, 2024 | 1:03 pm
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Goldman Sachs analyst Salveen Richter maintains a Buy rating on Apellis Pharmaceuticals and raises the price target to $90, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst like Salveen Richter from Goldman Sachs typically signals a strong conviction in the company's future performance. This can often lead to increased investor confidence and a potential short-term rise in the stock price, as the market reacts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100