Piper Sandler Maintains Neutral Rating for Stem: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Neutral rating for Stem (NYSE:STEM) but lowered its price target from $5.00 to $4.00. Stem's shares are currently trading down 2.43% at $3.62 per share. A move to $4.00 would represent a 10.5% increase from the current share price.
October 06, 2023 | 5:00 pm
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NEUTRAL IMPACT
Piper Sandler has maintained its Neutral rating for Stem but lowered its price target. This could potentially impact the stock's performance.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. Piper Sandler's decision to maintain a Neutral rating indicates that they do not expect significant changes in Stem's stock performance. However, the lowering of the price target could potentially indicate a less optimistic outlook, which might negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100