JP Morgan Maintains Overweight on Scholar Rock Holding, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tessa Romero maintains an Overweight rating on Scholar Rock Holding (NASDAQ:SRRK) and raises the price target from $18 to $31.
October 14, 2024 | 3:03 pm
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JP Morgan has increased its price target for Scholar Rock Holding from $18 to $31 while maintaining an Overweight rating, indicating a positive outlook for the stock.
The increase in price target from $18 to $31 by a major financial institution like JP Morgan suggests a strong positive outlook for Scholar Rock Holding. The Overweight rating indicates that the analyst expects the stock to outperform its peers, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100