DA Davidson Maintains Buy on RumbleON, Lowers Price Target to $11
Portfolio Pulse from jenniferd'souza@benzinga.com
DA Davidson analyst Michael Baker maintains a 'Buy' rating on RumbleON (NASDAQ:RMBL) but lowers the price target from $13 to $11.
August 10, 2023 | 1:28 pm
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NEUTRAL IMPACT
DA Davidson maintains a 'Buy' rating on RumbleON but lowers the price target from $13 to $11.
The news is directly related to RumbleON. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential downside risk. However, the impact on the stock price is uncertain in the short term as it depends on how investors interpret this information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100