Canaccord Genuity Downgrades Quantum-Si to Hold, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Kyle Mikson has downgraded Quantum-Si (NASDAQ:QSI) from Buy to Hold and lowered the price target from $3.5 to $2.
September 25, 2023 | 1:19 pm
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Quantum-Si's rating has been downgraded from Buy to Hold by Canaccord Genuity, with a lowered price target of $2.
The downgrade from Buy to Hold by Canaccord Genuity indicates a less optimistic outlook for Quantum-Si. The lowered price target from $3.5 to $2 suggests that the analyst believes the stock's value will decrease in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100