Piper Sandler Maintains Overweight on BGC Group, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Patrick Moley maintains an Overweight rating on BGC Group (NASDAQ:BGC), raising the price target from $9 to $10.
May 06, 2024 | 1:09 pm
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Piper Sandler analyst Patrick Moley reaffirmed an Overweight rating on BGC Group, increasing the price target from $9 to $10.
The increase in price target by a reputable analyst like Patrick Moley suggests a positive outlook on BGC Group's stock, likely leading to a short-term increase in its stock price. Analyst ratings and price target adjustments are significant indicators for investors, often resulting in immediate market reactions.
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