Celcuity shares are trading higher after the company reported better-than-expected Q4 EPS results. Also, Needham maintained a Buy rating on the stock and raised its price target from $23 to $24.
Portfolio Pulse from Benzinga Newsdesk
Celcuity Inc. (CELC) shares surged following the announcement of better-than-expected Q4 earnings per share (EPS) results. Additionally, Needham reaffirmed its Buy rating on CELC and increased the price target from $23 to $24.
March 28, 2024 | 4:33 pm
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Celcuity Inc. shares experienced a positive movement after reporting Q4 earnings that exceeded expectations, coupled with an upgraded price target from Needham.
The positive earnings report indicates strong financial health and operational efficiency, which typically leads to increased investor confidence and demand for the stock. The upgrade by Needham further validates the company's growth prospects, likely contributing to a bullish sentiment in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100