Canaccord Genuity Maintains Buy Rating for Rubicon Technologies: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Canaccord Genuity has maintained its Buy rating for Rubicon Technologies (NYSE:RBT) but lowered its price target from $4.00 to $3.00. Rubicon Technologies' shares are currently trading down 13.04% at $0.60 per share.
May 23, 2023 | 5:03 pm
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Canaccord Genuity maintains Buy rating for Rubicon Technologies (NYSE:RBT) but lowers price target from $4.00 to $3.00. Shares are down 13.04% at $0.60 per share.
The maintained Buy rating from Canaccord Genuity indicates a positive outlook for Rubicon Technologies. However, the lowered price target from $4.00 to $3.00 suggests a more conservative growth expectation. Despite the 13.04% drop in share price, the Buy rating and potential 400% increase to the new price target could lead to a short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100