JMP Securities Maintains Outperform Rating for Model N: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has maintained its Outperform rating for Model N (NYSE:MODN) but reduced its price target from $44.00 to $30.00. Model N's shares are currently trading at $23.72, and the new price target suggests a potential upside of 26.48%. Model N provides cloud revenue management solutions primarily in the United States, catering to life sciences and technology companies.
November 24, 2023 | 5:00 pm
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JMP Securities reaffirms Outperform rating on Model N with a reduced price target of $30, indicating a significant potential upside from the current trading price of $23.72.
The reaffirmation of the Outperform rating by JMP Securities is a positive signal for investors, suggesting confidence in the company's fundamentals. However, the reduction in the price target may reflect adjustments in market conditions or expectations, which could temper the stock's short-term performance. The potential upside of 26.48% is significant and may attract investor interest, but the lowered target price could also indicate perceived risks or a recalibration of growth expectations.
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