Needham Maintains Buy on Celcuity, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Gil Blum maintains a Buy rating on Celcuity (NASDAQ:CELC) but lowers the price target from $24 to $23.

May 31, 2024 | 12:05 pm
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NEUTRAL IMPACT
Needham analyst Gil Blum maintains a Buy rating on Celcuity but lowers the price target from $24 to $23. This indicates continued confidence in the stock despite a slight reduction in the target price.
The maintained Buy rating suggests that the analyst still sees potential in Celcuity, but the lowered price target indicates a slightly more conservative outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100