Alliance Global Partners Maintains Buy on Ooma, Lowers Price Target to $14.5
Portfolio Pulse from Benzinga Newsdesk
Alliance Global Partners analyst Brian Kinstlinger maintains a Buy rating on Ooma (NYSE:OOMA) but lowers the price target from $16 to $14.5.
March 06, 2024 | 1:13 pm
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Alliance Global Partners maintains a Buy rating on Ooma but lowers the price target from $16 to $14.5.
While the maintenance of a Buy rating suggests continued confidence in Ooma's fundamentals and growth prospects, the reduction in the price target could signal concerns about near-term challenges or valuation adjustments. This mixed signal might lead to neutral short-term price movement as investors weigh the positive rating against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100