Canaccord Genuity Downgrades Rubicon Technologies to Hold, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Maria Ripps has downgraded Rubicon Technologies (NYSE:RBT) from Buy to Hold and lowered the price target from $3 to $2.5.
November 09, 2023 | 12:18 pm
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Rubicon Technologies has been downgraded from Buy to Hold by Canaccord Genuity, with a lowered price target of $2.5.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential for the stock in the near term. The lowering of the price target from $3 to $2.5 also indicates a negative outlook for the stock, which could lead to a decrease in its price.
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IMPORTANCE 80
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