JMP Securities Maintains Outperform on Model N, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Joe Goodwin has maintained an Outperform rating on Model N (NYSE:MODN) but has reduced the price target from $44 to $30.
November 24, 2023 | 2:15 pm
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NEGATIVE IMPACT
JMP Securities reaffirmed an Outperform rating on Model N but lowered the price target from $44 to $30, indicating a potential downside compared to the previous target.
The reduction in price target by JMP Securities, despite maintaining an Outperform rating, suggests that they see less upside potential for Model N's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100