Roth MKM Initiates Coverage On Forian with Buy Rating, Announces Price Target of $5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Richard Baldry has initiated coverage on Forian Inc. (NASDAQ:FORA) with a Buy rating and set a price target of $5. This new coverage could influence investor sentiment and potentially impact the company's stock price in the short term.
December 20, 2023 | 11:29 am
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Forian Inc. received a Buy rating from Roth MKM with a price target of $5, which may positively influence the stock's performance in the short term.
Analyst ratings, especially initiations of coverage with a Buy rating, can lead to increased investor interest and a positive sentiment boost. The announcement of a price target above the current market price suggests an expectation of growth, which can be a bullish signal for the stock.
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