TD Cowen Maintains Outperform on Arbe Robotics, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joshua Buchalter maintains an Outperform rating on Arbe Robotics (NASDAQ:ARBE) but lowers the price target from $8 to $6.
May 18, 2023 | 11:21 am
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TD Cowen maintains Outperform rating on Arbe Robotics (NASDAQ:ARBE) but lowers the price target from $8 to $6.
The news of TD Cowen maintaining an Outperform rating on Arbe Robotics is positive for the company. However, the lowering of the price target from $8 to $6 may create uncertainty among investors, leading to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100