Model N shares are trading lower after the company reported Q3 financial results and issued Q3 guidance. Also, Needham lowered its price target from $47 to $37 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Model N reported Q3 financial results and issued Q3 guidance, which led to a decrease in its share price. Additionally, Needham lowered its price target for Model N from $47 to $37.
August 09, 2023 | 5:29 pm
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Model N's Q3 financial results and guidance, along with Needham's lowered price target, have negatively impacted its stock price.
Model N's Q3 financial results and guidance were not well received by the market, leading to a decrease in its stock price. Additionally, Needham's decision to lower its price target for Model N from $47 to $37 further contributed to the negative sentiment around the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100