Craig-Hallum Maintains Buy Rating for Transact Technologies: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Craig-Hallum has maintained its Buy rating for Transact Technologies (NASDAQ:TACT) but lowered its price target from $10.00 to $9.00. TACT's shares have fallen 6.11% in the last 24 hours to $6.45. A move to $9.00 represents a 39.53% potential increase. Transact Technologies develops technology and printing solutions mainly for the casino and gaming industry.
March 13, 2024 | 5:00 pm
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Craig-Hallum maintains Buy rating on Transact Technologies but lowers price target from $10 to $9. Shares currently down 6.11% at $6.45.
The maintenance of a Buy rating by Craig-Hallum, despite a lower price target, suggests a positive outlook on TACT's fundamentals. The current dip in share price may present a buying opportunity, anticipating a potential rise towards the new target. The significant role of TACT's technology and printing solutions in the casino and gaming industry, coupled with its presence in the Foodservice technology market, underpins its growth prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100