Raymond James Maintains Strong Buy on Ardelyx, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Steven Seedhouse has reaffirmed a Strong Buy rating on Ardelyx (NASDAQ:ARDX) and increased the price target from $12 to $15.
January 09, 2024 | 1:09 pm
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POSITIVE IMPACT
Raymond James analyst Steven Seedhouse maintains a Strong Buy rating on Ardelyx and raises the price target from $12 to $15.
The increase in price target by a reputable analyst typically signals a positive outlook on the stock, suggesting potential upside. This can lead to increased investor confidence and a possible short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100