Jefferies Downgrades Oportun Financial to Hold, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Hecht downgraded Oportun Financial (NASDAQ:OPRT) from Buy to Hold and reduced the price target from $9 to $3.5, indicating a more cautious outlook on the company's stock.
March 14, 2024 | 9:28 am
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Jefferies downgraded Oportun Financial from Buy to Hold and cut the price target from $9 to $3.5, showing a bearish outlook.
The downgrade from Buy to Hold by a prominent analyst at Jefferies, coupled with a significant reduction in the price target, suggests a bearish outlook on Oportun Financial's stock. This could lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100