Needham Maintains Strong Buy on Infinera, Lowers Price Target to $10
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Alex Henderson maintains a Strong Buy rating on Infinera (NASDAQ:INFN), but has lowered the price target from $15 to $10.
August 10, 2023 | 10:39 am
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NEUTRAL IMPACT
Infinera's price target has been lowered from $15 to $10 by Needham, although the Strong Buy rating is maintained.
The lowering of the price target by Needham could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Strong Buy rating indicates that the analyst still sees significant upside potential, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100