Canaccord Genuity Maintains Buy on DocGo, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Richard Close maintains a Buy rating on DocGo (NASDAQ:DCGO) but lowers the price target from $11 to $10.

February 29, 2024 | 3:11 pm
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on DocGo but lowers the price target from $11 to $10.
The adjustment in price target by Canaccord Genuity reflects a slight change in valuation expectation for DocGo, though the Buy rating indicates continued positive outlook. The reduction in price target might cause short-term concern among investors, but the maintained Buy rating suggests underlying confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100