Chardan Capital Maintains Buy on BM Technologies, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Chardan Capital analyst Brian Dobson has maintained a 'Buy' rating on BM Technologies (AMEX:BMTX), but lowered the price target from $13 to $8.
July 26, 2023 | 9:50 am
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BM Technologies' price target has been lowered from $13 to $8 by Chardan Capital, though the 'Buy' rating is maintained.
The lowering of the price target by Chardan Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100