Maxim Group Maintains Buy on Compass Pathways, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Maxim Group analyst Jason McCarthy maintains a Buy rating on Compass Pathways (NASDAQ:CMPS) but lowers the price target from $22 to $12.
November 01, 2024 | 6:13 pm
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Maxim Group's analyst Jason McCarthy continues to recommend buying Compass Pathways stock but has reduced the price target significantly from $22 to $12.
The reduction in the price target from $22 to $12 by Maxim Group suggests a less optimistic outlook on Compass Pathways' future performance, which could lead to a short-term negative impact on the stock price. However, the Buy rating indicates continued confidence in the company's long-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100