Rubicon Technologies shares are trading lower after the company reported worse-than-expected Q3 revenue results. Also, Canaccord Genuity downgraded the stock from Buy to Hold and lowered its price target from $3 to $2.5.
Portfolio Pulse from Benzinga Newsdesk
Rubicon Technologies reported lower than expected Q3 revenue results, leading to a drop in its share price. Additionally, Canaccord Genuity downgraded the stock from Buy to Hold and reduced its price target from $3 to $2.5.
November 09, 2023 | 6:51 pm
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Rubicon Technologies' stock was downgraded by Canaccord Genuity following disappointing Q3 revenue results. The price target was also lowered from $3 to $2.5.
Rubicon Technologies reported lower than expected Q3 revenue, which is a negative signal to investors. This, coupled with the downgrade from Canaccord Genuity, is likely to put downward pressure on the stock price in the short term.
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