Canaccord Genuity Maintains Buy on Arcellx, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained its Buy rating on Arcellx and raised the price target from $85 to $115, indicating a positive outlook for the company's stock.
October 17, 2024 | 1:32 pm
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Canaccord Genuity has increased its price target for Arcellx from $85 to $115, maintaining a Buy rating. This suggests a strong positive outlook for the stock.
The increase in the price target from $85 to $115 by Canaccord Genuity, along with the maintained Buy rating, indicates a strong positive sentiment from the analyst. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100