Craig-Hallum Upgrades EMCORE to Buy, Raises Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon has upgraded EMCORE (NASDAQ:EMKR) from Hold to Buy and increased the price target from $1 to $3.
October 02, 2024 | 5:09 pm
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Craig-Hallum has upgraded EMCORE from Hold to Buy, with a new price target of $3, up from $1. This suggests a positive outlook for the stock.
The upgrade from Hold to Buy by Craig-Hallum, along with a significant increase in the price target, indicates a strong positive sentiment from the analyst. This is likely to lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100