Northland Capital Markets Maintains Outperform on Sangoma Technologies, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Michael Latimore has maintained an 'Outperform' rating on Sangoma Technologies (NASDAQ:SANG) but lowered the price target from $13 to $8.
September 28, 2023 | 6:24 pm
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Sangoma Technologies' price target has been lowered from $13 to $8 by Northland Capital Markets, though the 'Outperform' rating is maintained.
The lowering of the price target by Northland Capital Markets could lead to a negative sentiment among investors, potentially causing a short-term drop in Sangoma Technologies' stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100