AMPH Similar Chart Price Prediction
The price of AMPH is predicted to go up 9.85%, based on the high correlation periods with MGIC. The similarity of these two price pattern on the periods is 98.38%.
AMPH
MGIC
Up: 9.85%Similarity: 98.38%
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AMPH Analyst's Forecast
Joe Quatrochi
Wells Fargo
Buy
2024-11-22
Price Target
$55
Upside
+21.57%
Wells Fargo initiated coverage of Amphastar with an Equal Weight rating and $55 price target. The firm likes the setup heading into 2025, saying Amphastar could have 2-3 new launches over the next 12 months, "yet is trading as if there is no pipeline." Amphastar has a solid commercial business and just a few pipeline wins could drive long-term growth, the analyst tells investors in a research note. Wells sees 20% upside in the shares as the company enters a new product cycle.
