Truist Securities Maintains Buy on Arcellx, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Asthika Goonewardene has maintained a Buy rating on Arcellx (NASDAQ:ACLX) and increased the price target from $57 to $87.
March 05, 2024 | 3:17 pm
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Truist Securities has reaffirmed its Buy rating on Arcellx and raised the price target from $57 to $87, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst firm like Truist Securities typically signals a strong bullish sentiment on the stock, suggesting that the analyst sees significant upside potential. This can often lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100