Wedbush Maintains Outperform on Consensus Cloud Solutions, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives has maintained an Outperform rating on Consensus Cloud Solutions (NASDAQ:CCSI) but has lowered the price target from $42 to $30.
November 10, 2023 | 2:05 pm
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NEGATIVE IMPACT
Wedbush has maintained an Outperform rating on Consensus Cloud Solutions but reduced the price target from $42 to $30, indicating a potential downside compared to the previous target.
The reduction in price target by a reputable analyst like Daniel Ives suggests that there may be factors that could limit the stock's upside potential or increase its risk profile. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100