HC Wainwright & Co. Reiterates Neutral on Sage Therapeutics, Maintains $28 Price Target
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Douglas Tsao has reiterated a Neutral rating on Sage Therapeutics (NASDAQ:SAGE) and maintained a $28 price target on the stock.
April 17, 2024 | 5:25 pm
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NEUTRAL IMPACT
Sage Therapeutics maintains a Neutral rating and a $28 price target from HC Wainwright & Co., indicating a stable outlook according to analyst Douglas Tsao.
The reiteration of a Neutral rating and maintenance of a $28 price target by a reputable analyst firm like HC Wainwright & Co. suggests a stable outlook for Sage Therapeutics. This stability is reflected in the score, indicating no immediate expected change in stock price direction. The high relevance score is due to the direct mention of Sage Therapeutics and the specific analyst action taken. The importance is significant as analyst ratings can influence investor sentiment, but not at the highest level since the rating and target were maintained rather than upgraded or downgraded. The confidence level is high due to the clear and direct analyst action.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100