Wedbush Maintains Outperform on Ardelyx, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Laura Chico has maintained an Outperform rating on Ardelyx (NASDAQ:ARDX) and increased the price target from $9 to $13, indicating a positive outlook on the company's stock.
January 12, 2024 | 1:20 pm
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POSITIVE IMPACT
Wedbush analyst Laura Chico reaffirms an Outperform rating on Ardelyx and raises the price target to $13, suggesting a bullish stance on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price as the market reacts to the positive outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100