HC Wainwright & Co. Maintains Neutral on NovoCure, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Emily Bodnar maintains a Neutral rating on NovoCure (NASDAQ:NVCR) and raises the price target from $22 to $24.

March 27, 2024 | 5:44 pm
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POSITIVE IMPACT
NovoCure's Neutral rating is maintained by HC Wainwright & Co., but the price target is increased from $22 to $24.
The increase in price target from $22 to $24 by a reputable analyst firm like HC Wainwright & Co. suggests a positive outlook on NovoCure's stock value in the short term. Although the rating remains Neutral, the adjustment in price target indicates an expectation of some upward movement in NVCR's stock price, likely driven by factors that the analyst has identified as positive. This could lead to increased investor interest and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100