Needham Maintains Buy on DocGo, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan MacDonald maintains a Buy rating on DocGo (NASDAQ:DCGO) but lowers the price target from $14 to $10.

February 29, 2024 | 1:55 pm
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Needham maintains a Buy rating on DocGo but lowers the price target from $14 to $10.
While the maintenance of a Buy rating indicates continued confidence in the company's fundamentals, the reduction in the price target could suggest a reassessment of the company's near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100