Wells Fargo Downgrades Kaltura to Underweight, Announces $1.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has downgraded Kaltura (NASDAQ:KLTR) from Equal-Weight to Underweight and set a new price target of $1.5. This reflects a more bearish outlook on the company's stock.
December 20, 2023 | 11:12 am
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NEGATIVE IMPACT
Wells Fargo's downgrade of Kaltura to Underweight and the new price target of $1.5 suggest a bearish outlook, which could negatively impact KLTR's stock price in the short term.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a decrease in stock price. The new price target of $1.5 by Wells Fargo is likely to set a bearish tone for KLTR's market performance in the short term.
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IMPORTANCE 90
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