Shares of Heritage Commerce (HTBK) surged 5.93% in the pre-market session on Friday, following bullish analyst reports reiterating buy ratings on the stock.
KBW analyst Wood Lay maintained a Buy rating on HTBK with a price target of $11.50, while Piper Sandler's Andrew Liesch also reiterated a Buy rating on the stock.
The positive analyst sentiment seems to have driven the stock's upward momentum, as investors grow confident in the company's growth prospects and financials.
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