Needham Maintains Buy on Luna Innovations, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson has maintained a Buy rating on Luna Innovations (NASDAQ:LUNA) but has reduced the price target from $10 to $8.

November 16, 2023 | 8:49 am
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Needham analyst reaffirms Buy rating on Luna Innovations but lowers price target to $8 from $10.
The reduction in price target by Needham could lead to a negative short-term sentiment among investors, as it suggests a lower expected future stock price. However, the maintenance of a Buy rating indicates a continued positive outlook on the company's fundamentals, which could mitigate some of the negative impact.
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