TD Cowen Initiates Coverage On Schrodinger with Outperform Rating, Announces Price Target of $42
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Steven Mah has initiated coverage on Schrodinger (NASDAQ:SDGR) with an Outperform rating and set a price target of $42.
January 26, 2024 | 11:59 am
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POSITIVE IMPACT
Schrodinger receives an Outperform rating from TD Cowen with a price target of $42, indicating a positive outlook from the analyst.
The initiation of coverage by TD Cowen with an Outperform rating typically suggests a positive forecast for Schrodinger's stock performance. The price target of $42 implies a level of confidence in the company's potential to grow and exceed current market expectations. This can often lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100