Keybanc Maintains Overweight on Schrodinger, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Scott Schoenhaus maintains an Overweight rating on Schrodinger (NASDAQ:SDGR) but lowers the price target from $38 to $33.

February 29, 2024 | 8:47 pm
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Keybanc maintains an Overweight rating on Schrodinger but lowers the price target from $38 to $33.
While the maintenance of an Overweight rating suggests continued confidence in Schrodinger's fundamentals and growth potential, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100