A Closer Look at 10 Analyst Recommendations For Celldex Therapeutics
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Celldex Therapeutics (NASDAQ:CLDX) over the past three months, with a majority being somewhat bullish. The average 12-month price target has slightly increased to $66.3. Despite strong revenue growth, the company faces challenges with profitability and net margins.
September 25, 2024 | 5:01 pm
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Celldex Therapeutics has received mixed analyst ratings, with a slight increase in the average price target to $66.3. The company shows strong revenue growth but struggles with profitability, indicated by a negative net margin.
The mixed analyst ratings suggest uncertainty in the market's perception of Celldex's future performance. The slight increase in the average price target indicates some positive sentiment, but the company's profitability challenges, as evidenced by a negative net margin, may offset this. The strong revenue growth is a positive indicator, but the overall impact on the stock price in the short term is likely neutral due to these mixed factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100