HC Wainwright & Co. Maintains Buy on Boxlight, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck has maintained a Buy rating on Boxlight Corporation (NASDAQ:BOXL) but has reduced the price target from $6 to $3.

November 13, 2023 | 1:03 pm
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NEGATIVE IMPACT
Boxlight's Buy rating is maintained by HC Wainwright & Co., but the price target is cut by 50% from $6 to $3, indicating potential headwinds or a reassessment of the company's valuation.
The reduction in the price target by HC Wainwright & Co. suggests that they see less upside potential for Boxlight's stock price in the short term. This could be due to a variety of factors such as slower growth expectations, increased competition, or other market conditions. The Buy rating indicates a positive outlook on the stock, but the significant decrease in the price target may lead to negative investor sentiment in the short term, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100