Canaccord Genuity Maintains Buy on Nuvei, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst Joseph Vafi maintains a 'Buy' rating on Nuvei (NASDAQ:NVEI) but lowers the price target from $70 to $40.
August 14, 2023 | 10:48 am
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Nuvei's price target has been lowered from $70 to $40 by Canaccord Genuity, though the 'Buy' rating is maintained.
The lowering of the price target by Canaccord Genuity could lead to a negative sentiment among investors, potentially causing a short-term decrease in Nuvei's stock price. However, the maintained 'Buy' rating might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100