The reaffirmation of a Buy rating and an increased price target by a reputable analyst firm like HC Wainwright & Co. can have a positive impact on investor sentiment and potentially drive the stock price up in the short term. The substantial potential upside of 153.24% highlighted by the new price target may attract investor interest and buying activity. However, as analyst ratings are subject to human error and the actual performance of the company's products in development is uncertain, the confidence level is not at the maximum.