Benchmark Maintains Buy on Smith Micro Software, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Matthew Harrigan has maintained a Buy rating on Smith Micro Software (NASDAQ:SMSI) but has reduced the price target from $4.5 to $3.5.

November 10, 2023 | 2:39 pm
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NEGATIVE IMPACT
Benchmark analyst Matthew Harrigan maintains a Buy rating on Smith Micro Software but lowers the price target from $4.5 to $3.5.
The reduction in price target by Benchmark analyst Matthew Harrigan could lead to a negative short term sentiment among investors, as it suggests a lower expected future stock price for Smith Micro Software. However, maintaining a Buy rating indicates the analyst still sees potential upside, which could mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100