Maxim Group Maintains Buy on BM Technologies, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Maxim Group analyst Michael Diana has maintained a 'Buy' rating on BM Technologies (AMEX:BMTX) but lowered the price target from $10 to $8.
August 25, 2023 | 1:20 pm
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NEUTRAL IMPACT
BM Technologies' price target has been lowered from $10 to $8 by Maxim Group, though the 'Buy' rating is maintained.
The news directly pertains to BM Technologies (BMTX). While the lowering of the price target might initially seem negative, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100