OMG Citi raises target on ARNA big... | IONS Message Board Posts

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Msg  61455 of 61489  at  9/18/2020 9:21:58 AM  by

movin_on_again

The following message was updated on 9/23/2020 7:23:52 AM.

 In response to msg 61453 by  movin_on_again
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Re: OMG Citi raises target on ARNA big...

  Yesterday the stock hit a new 52 week high again as it was up over $3 a share...
 
Fwiw, some on the Arena board think this is going to be a $200 stock in a buyout in the next couple years or sooner...
 
You might want to go over there and start reading what these investors have to say about the stock...
 
Its a private board so you might have to sign up to read it...
 
 https://www.investorvillage.com/Groups.asp?mb=19370&pt=m
  
  
 The details behind this massive target change are quite impressive...Take a look...
 
""""""""""""""""""""""
 Arena Pharmaceuticals price target raised to $120 from $83 at Citi
Citi analyst Joel Beatty raised the firm's price target on Arena Pharmaceuticals to $120 from $83 and keeps a Buy rating on the shares. The stock's risk/reward is favorable heading into the Phase 2b atopic dermatitis results by year-end, Beatty tells investors in a research note. The efficacy bar to support stock upside is "relatively low" and if Etrasimod demonstrates clear proof-of-concept the upside is considerable, says the analyst. Further, downside upon a failure in atopic dermatitis is "relatively modest and transient" due to a growing appreciation of other parts of Arena, adds the analyst.


https://thefly.com
 
 
 


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Msg # Subject Author Recs Date Posted
61456 Re: OMG Citi raises target on ARNA big... movin_on_again 0 9/28/2020 10:56:34 AM






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