Needham Maintains Buy on MoonLake, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Serge Belanger maintains a Buy rating on MoonLake (NASDAQ:MLTX) but lowers the price target from $66 to $62.
August 08, 2024 | 10:22 am
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Needham analyst Serge Belanger maintains a Buy rating on MoonLake but lowers the price target from $66 to $62.
The Buy rating suggests continued confidence in MoonLake's prospects, but the lowered price target indicates some tempered expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100