RBC Capital Maintains Outperform on Penumbra, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Shagun Singh has maintained an Outperform rating on Penumbra (NYSE:PEN) and increased the price target from $248 to $280.
January 11, 2024 | 4:21 pm
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RBC Capital analyst Shagun Singh has reaffirmed an Outperform rating on Penumbra and raised the price target to $280, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a strong conviction in Penumbra's growth prospects and performance. This positive analyst action can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100