RBC Capital Maintains Sector Perform on Thoughtworks Holding, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Daniel Perlin maintains a Sector Perform rating on Thoughtworks Holding (TWKS) and lowers the price target from $6 to $5.

February 28, 2024 | 3:51 pm
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RBC Capital maintains a Sector Perform rating on Thoughtworks Holding and lowers the price target from $6 to $5.
The reduction in price target by RBC Capital indicates a less optimistic outlook on the stock's future performance, which could lead to a negative short-term impact on its stock price. The maintenance of a Sector Perform rating suggests that the analyst views the company as adequately valued at its current price, but the lowered target suggests expectations of limited upside potential or increased risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100