Needham Reiterates Buy on Generation Bio, Maintains $10 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Gil Blum reiterates a Buy rating on Generation Bio (NASDAQ:GBIO) and maintains a $10 price target.
May 14, 2024 | 4:07 pm
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Needham analyst Gil Blum reaffirmed a Buy rating on Generation Bio, with a continued price target of $10, indicating a positive outlook on the stock.
Reiteration of a Buy rating by a reputable analyst like Gil Blum can instill confidence among investors and potentially drive the stock price up in the short term. The maintenance of a $10 price target suggests that the analyst sees substantial upside potential from the current trading levels, which could attract more buyers to the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100