Guggenheim Maintains Buy on Revolution Medicines, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Michael Schmitz has maintained a Buy rating on Revolution Medicines (NASDAQ:RVMD) and increased the price target from $72 to $82.
October 28, 2024 | 4:40 pm
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Guggenheim has reaffirmed its Buy rating on Revolution Medicines and increased the price target to $82, indicating confidence in the company's future performance.
The increase in price target from $72 to $82 by Guggenheim suggests a positive outlook on Revolution Medicines' future performance. Maintaining a Buy rating indicates continued confidence from the analyst, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100