Needham Maintains Buy on Fathom Digital Mfg, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti has maintained a Buy rating on Fathom Digital Mfg (NYSE:FATH) but has reduced the price target from $20 to $8.
November 14, 2023 | 6:48 pm
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Needham analyst reaffirms Buy rating on Fathom Digital Mfg but cuts price target from $20 to $8, indicating a potential downside compared to previous expectations.
The reduction in price target by Needham suggests a reassessment of Fathom Digital Mfg's future performance or market position, likely due to underlying challenges or revised earnings expectations. While the Buy rating is maintained, the significant decrease in the price target could lead to short-term negative sentiment among investors and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100