Lake Street Maintains Buy on Edgio, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Eric Martinuzzi has maintained a 'Buy' rating on Edgio (NASDAQ:EGIO) but lowered the price target from $2 to $1.5.
July 20, 2023 | 4:20 pm
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Edgio's price target has been lowered from $2 to $1.5 by Lake Street, though the 'Buy' rating is maintained.
The lowering of the price target for Edgio by Lake Street could potentially lead to a short-term decrease in the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company's stock, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100