Needham Maintains Buy on Allot, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson has maintained a Buy rating on Allot (NASDAQ:ALLT) but has reduced the price target from $4 to $2.5.
November 24, 2023 | 10:43 am
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Needham has maintained a Buy rating on Allot but lowered the price target from $4 to $2.5, indicating a potential downside from the previous target.
The reduction in price target by Needham suggests that they see less upside potential for Allot's stock price in the short term, which could lead to negative investor sentiment and a possible decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100