E2open Parent Holdings Likely To Report Lower Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
E2open Parent Holdings, Inc. (NYSE:ETWO) is expected to report lower Q1 2024 earnings at 5 cents per share, down from 7 cents per share a year ago. The company's revenue is projected to be $160.62 million. The company's shares fell 2.6% to close at $5.35 on Thursday. Analysts from Credit Suisse and B of A Securities have recently downgraded the stock and cut the price target to $5, while Redburn Partners initiated coverage with a Buy rating.
July 07, 2023 | 8:26 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
E2open Parent Holdings is expected to report lower Q1 2024 earnings. The stock has been downgraded by analysts from Credit Suisse and B of A Securities, and the price target has been cut to $5. Redburn Partners initiated coverage with a Buy rating.
The expected lower earnings for Q1 2024 and the recent downgrades by Credit Suisse and B of A Securities, along with the cut in price target, are likely to negatively impact the stock price of E2open Parent Holdings in the short term. However, the Buy rating from Redburn Partners could provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100