Craig-Hallum Maintains Buy Rating for EMCORE: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Craig-Hallum has maintained its Buy rating for EMCORE (NASDAQ:EMKR) but lowered its price target from $3.00 to $1.50. EMCORE's shares are currently trading down 5.57% at $0.47 per share. A move to the new target price would represent a 216.19% increase from the current share price.
August 21, 2023 | 5:00 pm
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Craig-Hallum has maintained its Buy rating for EMCORE but lowered its price target. This could potentially lead to increased volatility in the short term.
The lowered price target by Craig-Hallum could lead to increased volatility as investors react to the new price target. However, the maintained Buy rating indicates that the analyst still sees potential in the stock, which could balance out the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100