Craig-Hallum Maintains Buy on Schrodinger, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Matt Hewitt has maintained a Buy rating on Schrodinger (NASDAQ:SDGR) but has reduced the price target from $40 to $35.

January 19, 2024 | 8:05 pm
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NEGATIVE IMPACT
Schrodinger's stock maintains a Buy rating from Craig-Hallum, but the price target has been lowered from $40 to $35.
The reduction in price target by Craig-Hallum could lead to a negative perception among investors, potentially causing a short-term dip in Schrodinger's stock price. However, the maintenance of a Buy rating suggests underlying confidence in the company's fundamentals, which may mitigate the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100