Piper Sandler Maintains Neutral on Thoughtworks Holding, Lowers Price Target to $3.4
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Arvind Ramnani has maintained a Neutral rating on Thoughtworks Holding (TWKS) but has lowered the price target from $5 to $3.4.
February 27, 2024 | 5:44 pm
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Piper Sandler maintains a Neutral rating on Thoughtworks Holding and lowers the price target from $5 to $3.4.
The reduction in the price target by Piper Sandler suggests a bearish outlook on the stock's short-term price potential, likely due to factors not explicitly mentioned in the article but inferred from the price target adjustment. This could lead to a negative perception among investors, potentially causing a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100