Alliance Global Partners Maintains Buy on Boxlight, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Alliance Global Partners analyst Brian Kinstlinger has maintained a 'Buy' rating on Boxlight (NASDAQ:BOXL), but lowered the price target from $14 to $9.
August 10, 2023 | 11:17 am
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Boxlight's price target has been lowered from $14 to $9 by Alliance Global Partners, though the 'Buy' rating is maintained.
The lowering of the price target by Alliance Global Partners could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100