Cogent Biosciences, Inc. (COGT) saw its stock price surge 5.42% during intraday trading on Wednesday, marking a significant upward movement.
The sharp rise appears to be driven by positive analyst sentiment. Wedbush analyst David Nierengarten maintained a Buy rating on the company with a price target of $55.00 in a report released today. This bullish outlook from a prominent analyst likely fueled investor confidence and buying activity in the stock.
Other analysts have also been actively providing ratings on Cogent Biosciences as part of broader coverage of the healthcare sector, contributing to the heightened market attention on the company.
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