Needham Reiterates Buy on Clearfield, Maintains $60 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ryan Koontz has reiterated a 'Buy' rating on Clearfield (NASDAQ:CLFD) and maintained a price target of $60.
August 04, 2023 | 3:00 pm
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Clearfield's stock rating has been reiterated as 'Buy' by Needham analyst Ryan Koontz, with a maintained price target of $60.
The reiteration of a 'Buy' rating by a reputable analyst like Ryan Koontz indicates a positive outlook for Clearfield. The maintained price target of $60 also suggests that the analyst believes the stock is undervalued at current levels, which could lead to upward price movement in the short term.
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IMPORTANCE 80
RELEVANCE 100