RBC Capital Maintains Outperform on ACADIA Pharmaceuticals, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gregory Renza has maintained an Outperform rating on ACADIA Pharmaceuticals (NASDAQ:ACAD) but has lowered the price target from $35 to $30.

March 12, 2024 | 2:41 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on ACADIA Pharmaceuticals but lowers the price target from $35 to $30.
While the maintenance of an Outperform rating suggests continued confidence in ACADIA Pharmaceuticals' long-term prospects, the reduction in the price target could indicate near-term challenges or adjustments in valuation expectations. This mixed signal might lead to short-term market uncertainty for ACAD, potentially limiting its stock price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100