AllPennyStocks.com Coverage Initiation And Bullish Price Target Sends Micro Cap ...

Coverage Initiation And Bullish Price Target Sends Micro Cap Flying

Coverage Initiation And Bullish Price Target Sends Micro Cap Flying By: Dylan Sikes – AllPennyStocks.com News

Wednesday, October 2, 2024

A healthcare company based out of Massachusetts is getting a lot of attention this morning after it was announced that TD Cowen initiated coverage on the stock with a Buy rating and announced a $2 price target.

Seeing that the stock closed at just $0.585 yesterday, it’s no wonder traders rushed to buy up shares of Allurion Technologies Inc. (NYSE:ALUR) earlier this morning. Shares are currently trading up at$0.67/share (+14.53%) at the time of writing.

Be sure to add this micro cap to your watchlist! 

Allurion Technologies Inc. focuses on ending obesity with a weight loss platform to treat people who are overweight. Its platform, the Allurion Program, features swallowable and procedure-less intragastric balloon for weight loss (the Allurion Balloon) and offers access to AI-powered remote patient monitoring tools, a proprietary behavior change program, secure messaging, and video telehealth that are delivered by the Allurion Virtual Care Suite. The company is headquartered in Natick, Massachusetts.


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