RBC Capital Maintains Outperform on Olo, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Olo (NYSE:OLO) but has lowered the price target from $11 to $9.
November 07, 2023 | 6:21 pm
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NEGATIVE IMPACT
RBC Capital has maintained an Outperform rating on Olo but lowered the price target from $11 to $9.
The lowering of the price target by RBC Capital from $11 to $9 indicates a potential decrease in the stock's value. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100