Lake Street Maintains Buy on Crexendo, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Eric Martinuzzi has maintained a Buy rating on Crexendo (NASDAQ:CXDO) and increased the price target from $5.5 to $7.
March 06, 2024 | 6:28 pm
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POSITIVE IMPACT
Crexendo's Buy rating is maintained by Lake Street, with the price target raised from $5.5 to $7.
The maintenance of a Buy rating combined with an increased price target typically signals a positive outlook on the stock by analysts, which can lead to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100