Rocket Pharmaceuticals Stock Soars as Jefferies Initiates Coverage at 'Buy'
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Rocket Pharmaceuticals (RCKT) saw a 5.5% increase in its stock price after Jefferies initiated coverage with a 'buy' rating, citing optimism about its experimental drug pipeline. Jefferies set a price target of $29, more than double the current stock value.
December 18, 2024 | 8:15 pm
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Rocket Pharmaceuticals' stock increased by 5.5% after Jefferies initiated coverage with a 'buy' rating and a $29 price target, driven by optimism in its experimental drug pipeline.
The initiation of coverage by Jefferies with a 'buy' rating and a significant price target increase suggests strong confidence in Rocket Pharmaceuticals' future performance, particularly due to its promising drug pipeline. This positive analyst rating is likely to boost investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100