Roth MKM Maintains Buy on Phunware, Lowers Price Target to $0.15
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Darren Aftahi has maintained a Buy rating on Phunware (NASDAQ:PHUN) but has reduced the price target from $0.5 to $0.15.
December 21, 2023 | 2:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Roth MKM analyst Darren Aftahi maintains a Buy rating on Phunware but lowers the price target from $0.5 to $0.15, indicating a potential downside compared to the previous target.
The reduction in price target by Roth MKM suggests that while the firm still believes in the stock's potential (maintaining a Buy rating), they see less upside than before. This could lead to a negative short-term impact on Phunware's stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100