HC Wainwright & Co. Maintains Buy on VIQ Solns, Lowers Price Target to $0.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck has maintained a Buy rating on VIQ Solutions (NASDAQ:VQS) but has reduced the price target from $1 to $0.5.
December 05, 2023 | 11:46 am
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VIQ Solutions' price target has been lowered from $1 to $0.5 by HC Wainwright & Co., although the Buy rating is maintained.
The reduction in price target by HC Wainwright & Co. suggests a lower valuation for VIQ Solutions, which could negatively impact investor sentiment and the stock price in the short term. However, maintaining a Buy rating indicates the analyst still sees potential upside, which may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100