Needham Reiterates Buy on Annexon, Maintains $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Joseph Stringer has reiterated a Buy rating on Annexon (NASDAQ:ANNX) and maintained a $16 price target.
May 13, 2024 | 3:14 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Needham's reiteration of a Buy rating and maintenance of a $16 price target on Annexon could positively influence investor sentiment and potentially drive the stock price upward in the short term.
Analyst ratings, especially from reputable firms like Needham, can significantly impact investor sentiment and stock prices. A reiterated Buy rating and a maintained price target suggest confidence in the company's future performance, which could lead to increased investor interest and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100