Wedbush Maintains Outperform on Xos, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives has maintained an Outperform rating on Xos (NASDAQ:XOS) and increased the price target from $4 to $13, indicating a positive outlook on the company's stock.
January 16, 2024 | 1:10 pm
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POSITIVE IMPACT
Wedbush analyst Daniel Ives reaffirmed an Outperform rating on Xos and raised the price target significantly from $4 to $13, suggesting strong confidence in the company's future performance.
The substantial increase in the price target for Xos by a reputable analyst like Daniel Ives is likely to instill confidence in investors and could lead to a short-term increase in the stock price. The new target represents a significant upside from the current trading level, which may attract investor interest and buying activity.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100