Cantor Fitzgerald Maintains Overweight on SoundThinking, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Jonathan Ruykhaver has maintained an Overweight rating on SoundThinking (NASDAQ:SSTI) but lowered the price target from $30 to $25.

February 12, 2024 | 2:25 pm
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NEUTRAL IMPACT
Cantor Fitzgerald has maintained an Overweight rating on SoundThinking but reduced the price target from $30 to $25.
The maintenance of an Overweight rating suggests a positive outlook on SoundThinking's stock by Cantor Fitzgerald, indicating confidence in the company's future performance. However, the reduction in the price target from $30 to $25 could reflect adjustments in market conditions or expectations, potentially leading to short-term volatility. The overall impact is neutral as the positive sentiment of the Overweight rating may balance out the negative perception of a lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100