What Happened?
Shares of radiopharmaceutical company Lantheus Holdings (NASDAQ: LNTH) jumped 5.9% in the afternoon session after Truist Securities upgraded its rating on the stock to "Buy" from "Hold" and increased its price target.
The analyst firm raised its price target on Lantheus Holdings to $80 from $61, a notable increase of over 31%. The upgrade reflected the firm's positive view of the company's potential for growth and increased profits from late 2026 through 2027 and beyond. Truist noted that the stock's valuation did not seem to fully reflect its prospects for double-digit revenue and earnings per share growth in the coming years. This optimistic outlook was supported by the company's strong existing financial health, including high profitability and operating margins that were better than most of its industry peers.
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What Is The Market Telling Us
Lantheus’s shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 21 days ago when the stock gained 6.4% on the news that comments from a key Federal Reserve official bolstered hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.
Lantheus is down 24.4% since the beginning of the year, and at $67.18 per share, it is trading 38.9% below its 52-week high of $110.01 from March 2025. Investors who bought $1,000 worth of Lantheus’s shares 5 years ago would now be looking at an investment worth $4,747.
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