GLJ Research Raises Cameco Buy Rating to $75.27 from $75.27

GLJ Research Raises Cameco Buy Rating to $75.27 from $75.27

Cameco Corporation (CCJ) has received an upgrade in its analyst rating by GLJ Research, with the new target price set at $75.27. The upgrade follows a series of positive developments and analyst sentiment that has been favorable towards the company.

The new rating reflects the recent upward trend in Cameco's stock price and the growing optimism among analysts about the company's future prospects. GLJ Research's upgrade comes amidst a broader bullish sentiment among Wall Street analysts, with a consensus rating of "Buy" for Cameco [1].

According to the latest data from MarketBeat, the average twelve-month stock price forecast for Cameco is $66.56, with a high forecast of $80.00 and a low forecast of $60.50. This indicates a predicted upside of 49.90% based on the current price of $44.40 [1].

The upgrade by GLJ Research is part of a broader trend of analyst upgrades for Cameco, with 2 upgrades in the past 90 days. The company has been rated by analysts from Bank of America, Cantor Fitzgerald, Glj Research, National Bank Financial, and Scotiabank in the past 90 days [1].

Cameco's stock has shown resilience and growth, with revenue and EPS growth rates that have been consistently positive over the past few years. The company's strong financial performance and the favorable outlook from analysts have contributed to the recent upward trend in its stock price.

Investors should closely monitor Cameco's performance and the analyst ratings to stay informed about any further developments that could impact the stock price. The upgrade by GLJ Research is a positive signal, but investors should also consider other factors such as the company's financial health, market conditions, and the broader economic outlook.

References:

[1] https://www.marketbeat.com/stocks/NYSE/CCJ/forecast/
[2] https://stockanalysis.com/stocks/ccj/forecast/