Absci Corp is trading at $6.75 (5.5% up) in pre-market, recovering a portion of Friday's losses. The stock's recent volatility follows a new "Outperform" rating from an analyst last week.
- The stock is bouncing from a 12.8% drop on Friday, which followed a sharp rally on Thursday.
- On June 4, Leerink Partners initiated coverage on Absci with an "Outperform" rating and a $12 price target.
- The current price action appears to be a continued reaction to this new bullish analyst outlook.