Oppenheimer Upgrades Sarepta Therapeutics to Outperform, Announces $180 Price Target
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Hartaj Singh upgrades Sarepta Therapeutics (SRPT) from Perform to Outperform and sets a $180 price target.
May 14, 2024 | 12:24 pm
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Sarepta Therapeutics was upgraded by Oppenheimer from Perform to Outperform with a new price target of $180, indicating a positive outlook on the stock's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a bullish view on the company's future earnings potential and growth prospects. The significant raise in price target to $180 by a reputable analyst firm like Oppenheimer suggests a strong conviction in Sarepta Therapeutics' value and potential, likely influencing investor sentiment and stock price positively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100