Goldman Sachs Upgrades CG Oncology to Buy, Announces $50 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Corinne Johnson upgrades CG Oncology (NASDAQ:CGON) from Neutral to Buy and sets a $50 price target.
May 13, 2024 | 8:25 pm
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POSITIVE IMPACT
Goldman Sachs upgraded CG Oncology to Buy from Neutral and set a price target of $50, indicating a positive outlook on the stock.
Analyst upgrades, especially from prominent firms like Goldman Sachs, can significantly influence investor sentiment and stock prices. The upgrade to 'Buy' and the setting of a $50 price target suggest a strong bullish outlook for CG Oncology, likely leading to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100