Needham Maintains Buy on Model N, Lowers Price Target to $37
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Ryan MacDonald has maintained a 'Buy' rating on Model N (NYSE:MODN) but lowered the price target from $47 to $37.
August 09, 2023 | 11:19 am
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Needham analyst has maintained a 'Buy' rating on Model N but lowered the price target from $47 to $37.
The news is directly related to Model N. While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential slowdown in growth or increased risk, which might have a neutral to slightly negative impact on the stock in the short term.
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IMPORTANCE 80
RELEVANCE 100