Wedbush Maintains Neutral on Apellis Pharmaceuticals, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Laura Chico has maintained a Neutral rating on Apellis Pharmaceuticals (NASDAQ:APLS) but increased the price target from $39 to $60.
January 12, 2024 | 1:18 pm
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Wedbush analyst Laura Chico reaffirmed a Neutral rating on Apellis Pharmaceuticals while raising the price target from $39 to $60, indicating a positive outlook on the company's value.
The increase in price target from $39 to $60 by a reputable analyst suggests a positive reassessment of Apellis Pharmaceuticals' potential value or growth prospects. While the rating remains Neutral, the significant raise in target price could lead to increased investor confidence and a potential short-term uplift in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100