Wedbush Reiterates Outperform on Alexandria Real Estate, Maintains $140 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Richard Anderson has reiterated an Outperform rating on Alexandria Real Estate (NYSE:ARE) and maintained a $140 price target for the company's stock.

January 31, 2024 | 1:45 pm
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Wedbush analyst Richard Anderson reaffirmed an Outperform rating on Alexandria Real Estate Equities, Inc. and kept the price target at $140.
The reiteration of an Outperform rating by a reputable analyst like Richard Anderson from Wedbush is a positive signal for investors, suggesting that the company's stock is expected to perform well. Maintaining a $140 price target indicates a belief in the company's potential for growth or continued strong performance. This endorsement is likely to instill confidence in current and potential investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100