Why Did Trevi Therapeutics Plunge 10.76% Despite Upgrade?

Generated by AI AgentAinvest Movers Radar
Tuesday, Apr 15, 2025 4:51 am ET1min read

On April 15, 2025,

experienced a significant drop of 10.76% in pre-market trading, indicating a notable shift in investor sentiment towards the company.

One of the key factors contributing to the recent volatility in Trevi Therapeutics' stock is the upgrade by Raymond James. The firm elevated its rating from "outperform" to "strong-buy" and increased its target price from $9.00 to $29.00. This move reflects a strong confidence in the company's future performance and potential for growth.

Additionally, there has been a high volume of call options trading for Trevi Therapeutics, suggesting that investors are bullish on the stock's prospects. This increased activity in the options market can often precede significant price movements, as traders position themselves for potential gains.

Despite the recent upgrade and bullish sentiment, analysts have forecasted a negative earnings per share of -0.49 for the current year. This discrepancy between the positive rating and the negative earnings forecast highlights the complexity and uncertainty surrounding the company's financial outlook.

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