Lake Street Maintains Buy Rating for Quantum: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Lake Street maintains its Buy rating for Quantum (NASDAQ:QMCO) but lowers its price target from $3.00 to $2.00. Quantum's shares are currently trading at $1.06, and a move to $2.00 would represent an 88.68% increase.
June 07, 2023 | 5:02 pm
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Lake Street maintains Buy rating for Quantum (NASDAQ:QMCO) and lowers price target from $3.00 to $2.00. Shares are trading at $1.06, and a move to $2.00 would be an 88.68% increase.
Lake Street's decision to maintain a Buy rating for Quantum indicates a positive outlook for the stock. However, the lowered price target from $3.00 to $2.00 suggests a more conservative growth expectation. The potential 88.68% increase in share price, if the target is reached, would positively impact the stock in the short term.
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