BTIG Maintains Buy on Rani Therapeutics Hldgs, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Robert Hazlett has maintained a Buy rating on Rani Therapeutics Hldgs (NASDAQ:RANI) and doubled the price target from $7 to $14, indicating a positive outlook on the company's future performance.
May 09, 2024 | 7:10 pm
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BTIG analyst Robert Hazlett has reaffirmed a Buy rating on Rani Therapeutics and increased the price target from $7 to $14, signaling strong confidence in the company's prospects.
The doubling of the price target by a reputable analyst suggests a strong bullish outlook on Rani Therapeutics, likely due to positive developments within the company or its market potential. This significant increase in the price target can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100