Why E2open Stock Gained Today
Portfolio Pulse from Ryan Gustafson
E2open Parent Holdings, Inc. (NYSE:ETWO) shares rebounded on Thursday after a strong selloff on Wednesday following the release of the company's second-quarter earnings report. The company missed analyst consensus estimates for both earnings per share and quarterly sales. On Thursday, the company's price target was lowered by two analysts, Redburn Atlantic and Goldman Sachs.
October 12, 2023 | 7:31 pm
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E2open's stock rebounded after missing Q2 earnings and sales estimates. The company's price target was also lowered by two analysts.
E2open's stock experienced a strong selloff after missing Q2 earnings and sales estimates. However, the stock rebounded on Thursday, indicating a potential recovery. The lowering of the price target by two analysts could have a negative impact on the stock's performance in the short term.
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IMPORTANCE 80
RELEVANCE 100