HC Wainwright & Co. Maintains Buy on Oncternal Therapeutics, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Raghuram Selvaraju has reaffirmed a Buy rating on Oncternal Therapeutics (NASDAQ:ONCT) and significantly increased the price target from $2 to $30.
January 29, 2024 | 11:32 am
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POSITIVE IMPACT
Oncternal Therapeutics' stock may experience a positive impact in the short term due to the Buy rating reaffirmation and a substantial increase in price target from $2 to $30 by HC Wainwright & Co.
The substantial increase in the price target for Oncternal Therapeutics by a reputable analyst firm like HC Wainwright & Co. is a strong positive signal to the market, suggesting a higher valuation and potential upside. This is likely to attract investor attention and could lead to a short-term increase in stock price as market participants adjust their expectations based on the new analyst target.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100