Wedbush Maintains Outperform on RumbleON, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham maintains an Outperform rating on RumbleON (NASDAQ:RMBL) but lowers the price target from $7.5 to $7.

March 15, 2024 | 12:06 pm
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Wedbush maintains an Outperform rating on RumbleON but lowers the price target from $7.5 to $7.
The adjustment in price target by a reputable analyst like Seth Basham could have a mixed impact on RMBL's stock price. While maintaining an Outperform rating indicates a positive outlook, the reduction in price target might cause some investors to adjust their expectations downwards, potentially leading to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100