Needham Maintains Buy on NAPCO Security Techs, Lowers Price Target to $30
Portfolio Pulse from richadhand@benzinga.com
Needham analyst James Ricchiuti has maintained a 'Buy' rating on NAPCO Security Techs (NASDAQ:NSSC), but lowered the price target from $39 to $30.
August 21, 2023 | 10:30 am
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NAPCO Security Techs' price target has been lowered from $39 to $30 by Needham, although the 'Buy' rating is maintained.
The news directly pertains to NAPCO Security Techs (NSSC). While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential slowdown in growth or a perceived overvaluation, which might impact investor sentiment and the stock's short-term performance.
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