Roth MKM Downgrades CareCloud to Neutral, Lowers Price Target to $3
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Richard Baldry has downgraded CareCloud (NASDAQ:CCLD) from Buy to Neutral and lowered the price target from $8 to $3.
August 04, 2023 | 2:56 pm
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NEGATIVE IMPACT
CareCloud's stock rating has been downgraded from Buy to Neutral by Roth MKM, with a lowered price target from $8 to $3.
The downgrade from Buy to Neutral by Roth MKM indicates a less optimistic outlook for CareCloud's stock. The significant reduction in the price target from $8 to $3 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100