Needham Maintains Buy on ACADIA Pharmaceuticals, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia maintains a Buy rating on ACADIA Pharmaceuticals (ACAD) but lowers the price target from $36 to $32.
March 12, 2024 | 9:56 am
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NEUTRAL IMPACT
Needham maintains a Buy rating on ACADIA Pharmaceuticals but lowers the price target from $36 to $32.
While the reduction in price target from $36 to $32 by Needham could suggest a tempered outlook on ACADIA Pharmaceuticals' stock, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100