Benchmark Maintains Buy on Ooma, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Matthew Harrigan maintains a Buy rating on Ooma (NYSE:OOMA) but lowers the price target from $24 to $20.
May 23, 2023 | 10:56 am
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NEUTRAL IMPACT
Benchmark analyst lowers Ooma's price target from $24 to $20 while maintaining a Buy rating.
The news of Benchmark analyst Matthew Harrigan maintaining a Buy rating on Ooma is positive for the stock. However, the lowering of the price target from $24 to $20 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100