Alliance Global Partners Maintains Buy on Ooma, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Alliance Global Partners analyst Brian Kinstlinger maintains a Buy rating on Ooma (NYSE:OOMA) but lowers the price target from $20 to $18.
May 24, 2023 | 11:33 am
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Alliance Global Partners maintains Buy rating on Ooma but lowers price target from $20 to $18.
The news of Alliance Global Partners maintaining a Buy rating on Ooma is positive for the stock. However, the lowering of the price target from $20 to $18 may create some uncertainty among investors, potentially offsetting the positive impact of the Buy rating. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100