B. Riley Securities Maintains Buy on AudioEye, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities analyst Zach Cummins has maintained a 'Buy' rating on AudioEye (NASDAQ:AEYE) but lowered the price target from $9 to $8.
August 11, 2023 | 5:15 pm
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AudioEye's price target has been lowered from $9 to $8 by B. Riley Securities, though the 'Buy' rating is maintained.
The news is directly about AudioEye and is likely to influence investor sentiment. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or increased risk, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100