Compass Point Downgrades TriplePoint Venture Gwth to Sell, Announces $8.75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Casey Alexander downgrades TriplePoint Venture Growth (TPVG) from Neutral to Sell with a new price target of $8.75.
March 07, 2024 | 3:55 pm
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NEGATIVE IMPACT
TriplePoint Venture Growth downgraded from Neutral to Sell by Compass Point with a price target of $8.75.
The downgrade from Neutral to Sell by a notable analyst, along with a specific price target, suggests a bearish outlook on TPVG's stock. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100