Canaccord Genuity Maintains Buy on ACADIA Pharmaceuticals, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Sumant Kulkarni maintains a Buy rating on ACADIA Pharmaceuticals (ACAD) but lowers the price target from $40 to $33.

March 12, 2024 | 11:09 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on ACADIA Pharmaceuticals but lowers the price target from $40 to $33.
While the Buy rating reaffirms confidence in ACADIA Pharmaceuticals' long-term prospects, the reduction in price target may reflect adjustments in valuation expectations, possibly due to market conditions or company performance. This mixed signal could lead to short-term price volatility as investors reassess their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100