RBC Capital Maintains Outperform on Penumbra, Raises Price Target to $289
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Shagun Singh has reaffirmed an Outperform rating on Penumbra (NYSE:PEN) and increased the price target from $280 to $289.
January 12, 2024 | 7:51 pm
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Penumbra's Outperform rating is maintained by RBC Capital, with a raised price target from $280 to $289, indicating a positive outlook on the stock.
The reaffirmation of an Outperform rating coupled with an increased price target usually signals analyst confidence in the company's future performance. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
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