Barrington Research Maintains Outperform Rating for Information Servs Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barrington Research has maintained its Outperform rating for Information Services Group (NASDAQ:III) but lowered its price target from $6.00 to $5.00. The current trading price of III shares is $4.24, indicating a potential 17.92% increase to the new target. Information Services Group provides technology insight, market intelligence, and advisory services, focusing on digital transformation and operates across the Americas, Europe, and Asia-Pacific.
March 11, 2024 | 5:00 pm
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Barrington Research maintains Outperform rating for Information Services Group with a lowered price target from $6.00 to $5.00. The stock's current price is $4.24.
The maintenance of an Outperform rating by Barrington Research suggests a positive outlook on Information Services Group's stock, despite the lowered price target. This adjustment reflects a recalibration of expectations rather than a negative outlook. Given the stock's current price of $4.24 and the new target of $5.00, there is a clear upside potential. The analyst's rating and target adjustment are likely to influence investor sentiment positively in the short term, potentially driving the stock price closer to the new target.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100