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Why Novocure Stock Is Jumping Today

TheMotleyFool

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Shares of Novocure Limited (NASDAQ: NVCR) are jumping 12.9% higher as of 11:09 a.m. ET on Thursday. The solid gain came after investment firm Truist Financial upgraded the stock from a hold to a buy recommendation. Truist kept its 12-month price target for the stock at $125, which represents upside potential of more than 70%.

Should investors buy Novocure because one analyst is more upbeat about its prospects? No. However, there are some compelling reasons Truist upgraded the healthcare stock to a buy recommendation.

Image source: Getty Images.

Source Fool.com

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