Needham Maintains Buy on Bel Fuse, Raises Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti has maintained a Buy rating on Bel Fuse (NASDAQ:BELFB) and increased the price target from $70 to $77.
January 29, 2024 | 10:50 am
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Needham analyst James Ricchiuti reaffirmed a Buy rating on Bel Fuse and raised the price target to $77, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a bullish outlook on Bel Fuse, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100