Roth MKM Maintains Buy on Enphase Energy, Lowers Price Target to $140-Report Released on 31 January 2024
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen has maintained a Buy rating on Enphase Energy (ENPH) but has lowered the price target from $150 to $140 as of 31 January 2024.

February 01, 2024 | 4:04 pm
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NEUTRAL IMPACT
Roth MKM maintains a Buy rating on Enphase Energy but lowers the price target from $150 to $140.
While the maintenance of a Buy rating by Roth MKM indicates continued confidence in Enphase Energy's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests that any impact might be limited.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100