RBC Capital Downgrades Thoughtworks Holding to Sector Perform, Lowers Price Target to $6
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Daniel Perlin has downgraded Thoughtworks Holding (NASDAQ:TWKS) from Outperform to Sector Perform and lowered the price target from $10 to $6.
August 09, 2023 | 9:04 am
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Thoughtworks Holding has been downgraded by RBC Capital, with a lowered price target from $10 to $6.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for Thoughtworks Holding. The lowered price target from $10 to $6 also suggests that the analyst believes the stock is overvalued at its current price. This could lead to a decrease in the stock's price in the short term.
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