Can grts sentiment carry over to 09/20/2024?

The sentiment around GRTS (Gritstone bio) is likely to carry over to September 20, 2024, driven by several factors:

1. **Positive Earnings Estimates**: Analysts have raised their FY2024 EPS estimates for GRTS, with B. Riley forecasting ($0.98) and HC Wainwright predicting ($0.86) – both higher than the previous estimates. This upward revision in earnings estimates can lead to increased investor confidence and a positive sentiment towards the stock.
2. **Recent Research and Ratings**: GRTS has received a "Buy" rating from multiple analysts, including HC Wainwright, B. Riley, and Jones Trading, with price targets ranging from $3.00 to $5.00. These ratings and price targets suggest that analysts are optimistic about the company's future performance and believe there is potential for growth.
3. **Market Outperform Ratings**: JMP Securities has maintained a "Market Outperform" rating on GRTS, indicating that the analyst believes the stock's performance will exceed the broader market's. This rating can contribute to a positive sentiment among investors who are looking for stocks that are expected to outperform.
4. **Short Interest Down**: The short interest in GRTS has decreased by 8.5% in August, which could indicate that short sellers are becoming less bearish on the stock. This reduction in short interest can sometimes precede an upward trend in the stock price.
5. **Industry Growth Prospects**: The biotechnology industry, particularly cancer immunotherapy, is expected to grow significantly by 2027. As a company focused on this area, GRTS may benefit from the broader industry's growth prospects, which could support a positive sentiment towards the stock.

Considering these factors, it is reasonable to expect that the positive sentiment around GRTS will likely carry over to September 20, 2024. However, it is important to note that stock prices are subject to market fluctuations and other unforeseen events, which could impact investor sentiment and the stock's performance.