Craig-Hallum Raises PT on Acacia Research (ACTG), Keeps a Buy Rating
Acacia Research Corporation (NASDAQ:ACTG) is one of the High-Flying Penny Stocks to Buy. On March 12, Craig-Hallum analyst Anthony Stoss raised the firm’s price target on Acacia Research Corporation (NASDAQ:ACTG) from $5 to $6, while keeping a Buy rating on the stock. The analyst noted that the company trades below its diluted book value per share. This presents an attractive entry point and potential undervaluation despite mixed end-market conditions. Moreover, the analyst also pointed out progress at B ...