Craig-Hallum Maintains Buy on POET Technologies, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a 'Buy' rating on POET Technologies (NASDAQ:POET) but lowers the price target from $8 to $7.5.
September 01, 2023 | 3:46 pm
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NEUTRAL IMPACT
POET Technologies' price target has been lowered from $8 to $7.5 by Craig-Hallum, though the 'Buy' rating is maintained.
The news directly pertains to POET Technologies. While the lowering of the price target might be seen as a negative, the maintenance of the 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100