Shapeways Holdings shares are trading lower after Needham maintained a Buy rating on the stock and lowered its price target from $8 to $4.5.
Portfolio Pulse from Benzinga Newsdesk
Needham has maintained a Buy rating on Shapeways Holdings but lowered its price target from $8 to $4.5. This has led to a decrease in the trading price of Shapeways Holdings shares.
August 15, 2023 | 4:36 pm
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Shapeways Holdings' stock price is trading lower after Needham maintained a Buy rating but lowered its price target from $8 to $4.5.
The decrease in Shapeways Holdings' share price is directly linked to Needham's decision to lower its price target for the company. Despite maintaining a Buy rating, the lowered price target suggests a less optimistic outlook for the company's stock, which can negatively impact investor sentiment and lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100