Needham Reiterates Buy on Biogen, Maintains $294 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia reiterated a Buy rating on Biogen (NASDAQ:BIIB) and maintained a $294 price target.
April 24, 2024 | 12:34 pm
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Needham analyst Ami Fadia reaffirmed a Buy rating on Biogen with a $294 price target.
The reiteration of a Buy rating and maintenance of a high price target by a reputable analyst like Ami Fadia from Needham is likely to instill confidence among investors and could positively influence Biogen's stock price in the short term. Analyst ratings, especially from well-regarded financial institutions, can significantly impact investor sentiment and stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100