Upland Software shares are trading lower after Roth MKM downgraded the stock from Neutral to Sell and announced a $3.5 price target.
Portfolio Pulse from Benzinga Newsdesk
Upland Software's stock (UPLD) trades lower following a downgrade from Neutral to Sell by Roth MKM, which also set a price target of $3.5.
November 10, 2023 | 5:27 pm
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Upland Software's stock price is likely to experience downward pressure after Roth MKM downgraded the stock to Sell and set a price target of $3.5.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a bearish outlook on the company's performance. The setting of a price target below the current market price can further reinforce investor concerns and drive the stock price down.
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