Galapagos ( (GLPG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Galapagos NV’s stock took a hit after an analyst from Morgan Stanley issued a Sell rating, citing concerns over the company’s valuation relative to its performance. The analyst set a price target of $22.00, suggesting a notable potential decline from the stock’s recent closing price of $37.62. Meanwhile, the broader analyst consensus recommends holding the stock, with an average price target of $26.00.
More about Galapagos
YTD Price Performance: 34.86%
Average Trading Volume: 282,403
Technical Sentiment Signal: Hold
Current Market Cap: $2.46B
For further insights into GLPG stock on TipRanks’ Stock Analysis page.
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