Oppenheimer Price Target Adjusted To Over +300% Of Current Price

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, August 17, 2022

A Salt Lake City-based biotech company found tremendous success on Wednesday after Oppenheimer adjusted its price target to $17.00 from $16.00. While this $1 move isn’t necessarily groundbreaking news, the fact that shares are currently trading around $4.00, traders couldn’t seem to get their hands on shares of Clene Inc. (Nasdaq:CLNN) fast enough.

Clene Inc is a clinical-stage pharmaceutical company pioneering the discovery, development, and commercialization of novel clean-surfaced nanotechnology (CSN) therapeutics. It is focused on the development of therapeutics for neurodegenerative diseases. Its reportable segments: (1) the development and commercialization of novel clean-surfaced nanotechnology therapeutics (Drugs, and (2) the development and commercialization of dietary supplements (Supplements).

Traders were extremely bullish on the new price target as shares of Clene Inc. reached $4.12/share (+13.50%) at the session high. With this amount of upside until the price target, it’ll be interesting to see how this small cap plays out in the coming weeks.

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