Clearfield's Surge In Rural Broadband Investments, Expanding European Market Opportunities Underline Positive Outlook: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Ryan Koontz reiterated a Buy rating on Clearfield, Inc. (NASDAQ:CLFD) and raised the price target to $60 from $50. The company is benefiting from a surge in rural broadband infrastructure investment and exploring growth opportunities in Europe. However, inventory overhang and labor shortages are headwinds for the company.
June 16, 2023 | 5:38 pm
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Needham analyst raises Clearfield's price target to $60, citing rural broadband investments and European growth opportunities. However, inventory overhang and labor shortages are headwinds for the company.
The analyst's positive outlook on Clearfield due to rural broadband investments and European growth opportunities is likely to have a positive short-term impact on the stock price. However, the headwinds mentioned, such as inventory overhang and labor shortages, could limit the stock's potential upside.
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IMPORTANCE 80
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