Lake Street Initiates Coverage On Cardlytics with Buy Rating, Announces Price Target of $13
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Jacob Stephan has initiated coverage on Cardlytics (NASDAQ:CDLX) with a Buy rating and set a price target of $13 for the company's stock.
November 29, 2023 | 4:12 pm
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Lake Street analyst Jacob Stephan has initiated coverage on Cardlytics with a Buy rating and a price target of $13, which could positively influence the stock's performance in the short term.
Analyst ratings, especially initiations of coverage with a Buy rating, can have a significant positive impact on a stock's price in the short term. The announcement of a price target above the current market price suggests an optimistic view on the company's value and growth potential, which can lead to increased investor interest and buying activity.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100