JP Morgan Downgrades Oportun Financial to Neutral, Raises Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane has downgraded Oportun Financial (NASDAQ:OPRT) from Overweight to Neutral, while raising the price target from $7 to $8.
October 17, 2023 | 2:51 pm
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NEUTRAL IMPACT
Oportun Financial has been downgraded by JP Morgan from Overweight to Neutral, but the price target has been raised from $7 to $8.
The downgrade from Overweight to Neutral suggests that JP Morgan sees less upside potential in Oportun Financial's stock. However, the increase in price target from $7 to $8 indicates that they still see some potential for growth. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100