Needham Maintains Buy on Shapeways Holdings, Lowers Price Target to $4.5
Portfolio Pulse from richadhand@benzinga.com
Needham analyst James Ricchiuti has maintained a 'Buy' rating on Shapeways Holdings (NASDAQ:SHPW) but lowered the price target from $8 to $4.5.
August 15, 2023 | 10:45 am
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Shapeways Holdings' price target has been lowered from $8 to $4.5 by Needham, though the 'Buy' rating is maintained.
The lowering of the price target by Needham indicates a potential decrease in the stock's value. However, the maintained 'Buy' rating suggests that the stock is still expected to perform well. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100