September 25, 2022

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Acumen Pharmaceuticals (NASDAQ:ABOS) Price Target Lowered to $17.00 at Credit Suisse Group

Acumen Prescription drugs (NASDAQ:ABOS – Get Rating) experienced its selling price goal dropped by inventory analysts at Credit rating Suisse Group from $26.00 to $17.00 in a analysis notice issued on Tuesday, The Fly reports. Credit rating Suisse Group’s price concentrate on signifies a potential upside of 264.81% from the company’s recent selling price.

Numerous other exploration companies have also recently commented on ABOS. Zacks Expense Exploration lifted shares of Acumen Prescription drugs from a “keep” ranking to a “obtain” ranking and established a $6.75 rate target on the stock in a analysis be aware on Thursday, March 10th. Bank of The usa raised shares of Acumen Pharmaceuticals from a “neutral” ranking to a “invest in” rating and lessened their rate goal for the business from $16.00 to $14.00 in a investigation be aware on Friday, January 21st. Five analysts have rated the stock with a buy score, According to MarketBeat, the company has an typical score of “Purchase” and an regular target rate of $18.35.

NASDAQ ABOS opened at $4.66 on Tuesday. The organization has a 50 working day moving typical of $5.49 and a 200-day going normal of $9.01. Acumen Prescription drugs has a 1-yr reduced of $4.60 and a 1-yr superior of $26.98.

Hedge resources have not long ago modified their holdings of the business. Citigroup Inc. increased its stake in Acumen Pharmaceuticals by 255.7% in the 4th quarter. Citigroup Inc. now owns 3,891 shares of the company’s inventory valued at $26,000 soon after buying an more 2,797 shares during the past quarter. New York State Popular Retirement Fund obtained a new stake in Acumen Pharmaceuticals in the 4th quarter valued at $37,000. JPMorgan Chase & Co. enhanced its stake in Acumen Pharmaceuticals by 97.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,240 shares of the company’s inventory valued at $49,000 after shopping for an extra 3,568 shares through the last quarter. California State Instructors Retirement Program bought a new place in shares of Acumen Pharmaceuticals in the 3rd quarter valued at about $77,000. Lastly, American Worldwide Team Inc. acquired a new situation in shares of Acumen Pharmaceuticals in the 3rd quarter valued at about $78,000. Hedge money and other institutional traders very own 65.55% of the company’s inventory.

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About Acumen Pharmaceuticals (Get Ranking)

Acumen Prescribed drugs, Inc, a clinical-phase biopharmaceutical company, engages in the development of therapeutics for the treatment method of Alzheimer’s and other neurodegenerative illnesses. The company focuses on advancing a qualified immunotherapy drug candidate ACU193, which is in Stage I clinical-phase to target soluble amyloid-beta oligomers.

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