Citigroup Maintains Buy on ACADIA Pharmaceuticals, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst David Hoang has maintained a Buy rating on ACADIA Pharmaceuticals (NASDAQ:ACAD) but has lowered the price target from $30.19 to $30.

May 09, 2024 | 5:47 pm
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Citigroup has reaffirmed its Buy rating on ACADIA Pharmaceuticals but reduced the price target from $30.19 to $30.
The adjustment in price target by Citigroup reflects a slight modification in valuation expectations for ACADIA Pharmaceuticals. While the Buy rating indicates continued confidence in the company's prospects, the reduction in price target suggests a minor recalibration of future price expectations. This could lead to a neutral short-term impact on the stock as the market digests the slight decrease in target price against the backdrop of ongoing analyst support.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100