Stifel Maintains Buy on Movella Holdings, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a 'Buy' rating on Movella Holdings (NASDAQ:MVLA) but has lowered the price target from $4 to $2.5.
October 19, 2023 | 12:56 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Stifel maintains a 'Buy' rating on Movella Holdings but lowers the price target from $4 to $2.5, which could lead to short-term volatility.
The lowered price target from Stifel could lead to short-term volatility in Movella Holdings' stock price. However, the maintained 'Buy' rating suggests that the analyst still sees potential in the company, which could balance out the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100