Arcutis Soars 12% as Guggenheim Lifts Target to $44 on “Growing Conviction” in 2027

Key TakeawaysArcutis shares rose 12% after Guggenheim raised its price target to $44 from $38 and kept its Buy rating, citing “growing conviction” about 2027. It’s the second bullish call in a week, after Cantor Fitzgerald started coverage on Thursday with an Overweight rating and a $48 target.