Mizuho Maintains Buy on Nkarta, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Salim Syed maintains a Buy rating on Nkarta (NASDAQ:NKTX) but lowers the price target from $31 to $25.

March 22, 2024 | 2:29 pm
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NEUTRAL IMPACT
Mizuho maintains a Buy rating on Nkarta but lowers the price target from $31 to $25.
While the reduction in price target from $31 to $25 by Mizuho could suggest a tempered outlook on Nkarta's short-term price potential, 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