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Stock impact report

Erasca (ERAS) Touches 3-Year High as 4 Analysts Go Bullish; Gets 267% PT Hike [Yahoo! Finance]

Erasca, Inc. (ERAS) 
Company Research Source: Yahoo! Finance
Erasca notched another three-year high anew on Thursday, as investor sentiment continued to be fueled by four investment firms' bullish outlooks for its stock, with the company earning a price target upgrade of as much as 267 percent. At intra-day trading, Erasca Inc. (NASDAQ:ERAS) touched a new record high of $9.72 before trimming a few cents to finish the session just up by 15.04 percent at $9.56 apiece. The rally followed a flurry of positive coverage from Clear Street, HC Wainwright, Piper Sandler, and Stifel, with the said analysts issuing “buy” and “overweight” ratings for the stock. Among the four, Clear Street became the most bullish, raising its price target by 267 percent to $11 from $3 previously, while maintaining a “buy” recommendation. Meanwhile, HC Wainwright also gave a price target of $11 versus $6 previously, with a “buy” recommendation, following Erasca Inc.'s (NASDAQ:ERAS) positive preliminary results from the clinical study of its pan-RAS molecular glue d Show less Read more
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