Compass Point Maintains Buy on Argo Blockchain, Lowers Price Target to $2.75
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Chase White has maintained a 'Buy' rating on Argo Blockchain (NASDAQ:ARBK) but lowered the price target from $3.75 to $2.75.
August 30, 2023 | 3:39 pm
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NEGATIVE IMPACT
Argo Blockchain's price target has been lowered from $3.75 to $2.75 by Compass Point, though the 'Buy' rating is maintained.
The lowering of the price target by Compass Point could potentially lead to a short-term decrease in Argo Blockchain's stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100