Needham Reiterates Buy on Cogent Biosciences, Maintains $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia reiterated a Buy rating on Cogent Biosciences (NASDAQ:COGT) and maintained an $18 price target.

February 26, 2024 | 9:59 am
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Needham analyst Ami Fadia reiterated a Buy rating on Cogent Biosciences and maintained an $18 price target.
The reiteration of a Buy rating and maintenance of an $18 price target by a reputable analyst like Ami Fadia from Needham is likely to instill confidence among investors and could positively influence Cogent Biosciences' stock price in the short term. Analyst ratings, especially with a Buy recommendation, tend to have a favorable impact on stock prices as they often lead to increased investor interest and perceived value.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100