Ladenburg Thalmann Upgrades Energous to Buy, Maintains Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Ladenburg Thalmann analyst Jon Hickman has upgraded Energous (NASDAQ:WATT) from Neutral to Buy, maintaining the price target at $2.
May 16, 2024 | 5:59 pm
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POSITIVE IMPACT
Ladenburg Thalmann has upgraded Energous from Neutral to Buy, maintaining the price target at $2. This upgrade could positively influence investor sentiment and potentially drive the stock price higher in the short term.
The upgrade from Neutral to Buy by a reputable analyst can boost investor confidence and attract more buyers, likely leading to a short-term increase in the stock price. The maintained price target of $2 suggests that the analyst sees potential for the stock to reach this level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100