B. Riley Securities Maintains Buy on RumbleON, Lowers Price Target to $11
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities has maintained its 'Buy' rating on RumbleON (NASDAQ:RMBL) but has lowered the price target from $15 to $11.
August 11, 2023 | 5:39 pm
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Despite a lowered price target, RumbleON maintains a 'Buy' rating from B. Riley Securities, indicating continued confidence in the company's potential.
B. Riley Securities has lowered its price target for RumbleON from $15 to $11. However, it maintains a 'Buy' rating on the stock, indicating that it still sees potential in the company. This could lead to mixed reactions in the market, with some investors potentially seeing the lowered target as a negative sign, while others may focus on the continued 'Buy' rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100