Needham Maintains Buy on Model N, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan MacDonald has maintained a 'Buy' rating on Model N (NYSE:MODN) but lowered the price target from $37 to $31.
November 10, 2023 | 12:32 pm
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NEUTRAL IMPACT
Needham analyst has maintained a 'Buy' rating on Model N but lowered the price target from $37 to $31.
The news is directly about Model N and is likely to influence investor sentiment. The maintained 'Buy' rating indicates continued confidence in the company, but the lowered price target may suggest some caution. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100