Benchmark Initiates Coverage On Arrowroot Acquisition with Buy Rating, Announces Price Target of $18
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Matthew Harrigan has initiated coverage on Arrowroot Acquisition (NASDAQ:ARRW) with a Buy rating and set a price target of $18.
December 13, 2023 | 3:50 pm
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Benchmark analyst Matthew Harrigan has initiated coverage on Arrowroot Acquisition with a Buy rating and a price target of $18.
The initiation of coverage by an analyst with a Buy rating typically signals confidence in the company's future performance, potentially leading to increased investor interest and a positive short term price movement. The price target of $18 suggests a significant upside from the current trading level, which could further drive positive sentiment and buying activity in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100