Stephens & Co. Maintains Overweight on i3 Verticals, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Charles Nabhan, an analyst at Stephens & Co., has maintained an Overweight rating on i3 Verticals (NASDAQ:IIIV) but reduced the price target from $32 to $28.
November 20, 2023 | 2:31 pm
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Stephens & Co. analyst reaffirms Overweight rating on i3 Verticals but decreases price target to $28, indicating a potential upside but with caution.
The reduction in price target may suggest a tempered expectation of growth or perceived risks, potentially leading to a cautious investor response in the short term. However, maintaining an Overweight rating implies the analyst still sees the stock outperforming its sector or the overall market.
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IMPORTANCE 75
RELEVANCE 100