Palatin Technologies (PTN) Stock: Why The Price Surged

By Amit Chowdhry ● Nov 25, 2021
  • The stock price of Palatin Technologies, Inc. (NYSEAMERICAN: PTN) increased by 49.36% in the most recent trading session. This is why it happened.

The stock price of Palatin Technologies, Inc. (NYSEAMERICAN: PTN) increased by 49.36% in the most recent trading session. Investors are responding positively to a bullish research report.

H.C. Wainwright analyst Joseph Pantginis increased the company’s price target to $5 from $2 while maintaining a “Buy” rating on the shares. Pantginis pointed out that PL9643 is about to start its pivotal Phase 3 study in dry eye disease. And the visibility is growing on the company’s overall differentiated melanocortin platform.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.