Chardan Capital Maintains Buy on Notable Labs, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Chardan Capital analyst Keay Nakae maintains a Buy rating on Notable Labs (NASDAQ:NTBL) but lowers the price target from $9 to $7.

April 15, 2024 | 11:43 am
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Chardan Capital maintains a Buy rating on Notable Labs but lowers the price target from $9 to $7.
The maintenance of a Buy rating by Chardan Capital suggests a positive outlook on Notable Labs' fundamentals or growth prospects. However, the reduction in the price target from $9 to $7 indicates a reassessment of the company's future valuation, possibly due to revised earnings expectations or market conditions. This mixed signal could lead to short-term uncertainty among investors, balancing optimism with caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100