Stock Track | Lantheus Surges Over 5% as Analysts Adjust Price Targets

Stock Track11-08

Shares of Lantheus Holdings Inc. (LNTH) soared 5.62% on November 7, 2024, following analyst actions that adjusted the stock's price targets. JMP Securities lowered its price target on Lantheus to $112 from $125 but maintained an Outperform rating on the shares. While the firm cited the company's solid third-quarter results, the price target reduction could signal expectations of moderating growth.

Separately, Truist Securities adjusted its price target on Lantheus to $120 from $135, maintaining a Buy rating on the stock. The move reflects analysts' mixed views on the company's prospects, with some tempering their expectations while others remain optimistic about Lantheus' growth potential.

Despite the differing opinions, the overall analyst sentiment appears positive, as JMP Securities and Truist Securities maintained their bullish ratings on Lantheus. The stock's surge suggests investors are focusing on the underlying strength of the company's business, even as analysts fine-tune their valuations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment