HC Wainwright & Co. Maintains Buy on Phunware, Lowers Price Target to $1
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Scott Buck maintains a 'Buy' rating on Phunware (NASDAQ:PHUN) but lowers the price target from $2.5 to $1.
August 14, 2023 | 10:09 am
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NEGATIVE IMPACT
Phunware's price target has been lowered from $2.5 to $1 by HC Wainwright & Co., though the 'Buy' rating is maintained.
The lowering of the price target by HC Wainwright & Co. could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100