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maumar

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maumar

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Re: Fred Kadiddlehopper post# 7279

Saturday, 12/03/2022 6:34:24 PM

Saturday, December 03, 2022 6:34:24 PM

Post# of 8605
I think the author of that article got to the $69 PT purely on the basis of technical analysis. But we are starting to see analysts' PTs above $60 (the last one, I believe, was $65 from Wells Fargo) and presumably once SC Efga and SC Tecentriq are approved those targets could go up to around $70. It's all about the future and the market is more confident about the durability of Halo's revenues and earnings. Also, earnings estimates for 2023 are around $3 and if they are close to $4 for 2024, for the stock to get close to $70 sometime in the second half of next year does not seem too far-fetched.
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