Needham Reiterates Buy on ACADIA Pharmaceuticals, Maintains $30 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia reiterated a Buy rating on ACADIA Pharmaceuticals (ACAD) and maintained a $30 price target.

May 09, 2024 | 10:42 am
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Needham analyst Ami Fadia reaffirmed a Buy rating on ACADIA Pharmaceuticals, with a steady price target of $30.
The reiteration of a Buy rating by a reputable analyst like Ami Fadia from Needham, along with maintaining a significant price target of $30, signals strong confidence in ACADIA Pharmaceuticals' potential. This endorsement is likely to positively influence investor sentiment and could lead to a short-term uptick in ACAD's stock price, as it reaffirms the company's value and growth prospects in the eyes of investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100