Nevro Corp shares are trading lower on continued momentum after multiple firms on Tuesday lowered their respective price targets. Also, Citigroup maintained a Neutral rating on the stock and lowered its price target from $37 to $27.
Portfolio Pulse from Benzinga Newsdesk
Nevro Corp shares are trading lower as multiple firms lowered their price targets on Tuesday. Citigroup maintained a Neutral rating and reduced its price target from $37 to $27.
June 07, 2023 | 4:10 pm
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NEGATIVE IMPACT
Nevro Corp's stock price is trading lower due to multiple firms lowering their price targets and Citigroup maintaining a Neutral rating while reducing its target from $37 to $27.
Nevro Corp's stock price is directly impacted by the lowered price targets from multiple firms and Citigroup's Neutral rating. This negative sentiment from analysts is likely to result in a short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100