Needham Maintains Buy on ACADIA Pharmaceuticals, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia maintains a Buy rating on ACADIA Pharmaceuticals (ACAD) but lowers the price target from $37 to $36.

February 28, 2024 | 11:22 am
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NEUTRAL IMPACT
Needham maintains a Buy rating on ACADIA Pharmaceuticals but lowers the price target from $37 to $36.
The adjustment in price target by Needham, while maintaining a Buy rating, suggests a slight moderation in expectations for ACADIA Pharmaceuticals' stock performance. However, the continued Buy rating indicates a positive outlook on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a slightly lower price target against the backdrop of a positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100