Barclays Maintains Overweight on Arcellx, Raises Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Carter Gould has maintained an Overweight rating on Arcellx (NASDAQ:ACLX) and increased the price target from $62 to $73.
February 29, 2024 | 2:05 pm
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Barclays has raised the price target for Arcellx from $62 to $73 while maintaining an Overweight rating.
An increase in the price target by a reputable financial institution like Barclays, especially with a maintained Overweight rating, typically signals a strong bullish outlook on the stock. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
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