B. Riley Securities Maintains Buy on American Software, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Zach Cummings has maintained a Buy rating on American Software (NASDAQ:AMSWA) but has reduced the price target from $17 to $16.

November 17, 2023 | 2:40 pm
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B. Riley Securities maintains a Buy rating on American Software but lowers the price target from $17 to $16.
While the reduction in price target could suggest a slightly less optimistic outlook on the stock's valuation, the maintenance of a Buy rating indicates that the analyst still sees positive potential in American Software. The impact on the stock price is likely to be mixed in the short term, as the market weighs the lower price target against the continued endorsement of the stock.
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IMPORTANCE 75
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