Cantor Fitzgerald Maintains Overweight on Rubicon Technologies, Lowers Price Target to $1.4
Portfolio Pulse from richadhand@benzinga.com
Cantor Fitzgerald analyst Brett Knoblauch has maintained an Overweight rating on Rubicon Technologies (NYSE:RBT) but lowered the price target from $1.9 to $1.4.
August 09, 2023 | 5:34 pm
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Rubicon Technologies' price target has been lowered from $1.9 to $1.4 by Cantor Fitzgerald, though the Overweight rating is maintained.
The lowering of the price target by Cantor Fitzgerald indicates a potential decrease in the stock's value. However, the maintenance of the Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100