DA Davidson Downgrades OneSpan to Neutral, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
DA Davidson analyst Andrew Nowinski has downgraded OneSpan (NASDAQ:OSPN) from Buy to Neutral and lowered the price target from $19 to $12.
August 10, 2023 | 9:36 am
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NEGATIVE IMPACT
OneSpan has been downgraded from Buy to Neutral by DA Davidson, and its price target has been lowered from $19 to $12.
The downgrade from Buy to Neutral indicates a less optimistic outlook for OneSpan by DA Davidson. The lowering of the price target from $19 to $12 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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100