Cantor Fitzgerald Maintains Overweight on SmartRent, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Brett Knoblauch has maintained an Overweight rating on SmartRent (NYSE:SMRT) but lowered the price target from $7 to $5.
October 23, 2023 | 2:10 pm
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SmartRent's price target has been lowered from $7 to $5 by Cantor Fitzgerald, though the Overweight rating is maintained.
The lowering of the price target by Cantor Fitzgerald could lead to a negative sentiment among investors, potentially causing a short-term decrease in SmartRent's stock price. However, the maintained Overweight rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100