Blink Charging shares are trading lower after the company reported Q4 financial results. Also, Roth MKM maintained a Buy rating on the stock and lowered its price target from $25 to $12.
Portfolio Pulse from Benzinga Newsdesk
Blink Charging's shares dropped following the release of their Q4 financial results. Additionally, Roth MKM kept a Buy rating but reduced the price target from $25 to $12.

March 15, 2024 | 4:04 pm
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Blink Charging's stock price fell after Q4 earnings were announced, despite Roth MKM maintaining a Buy rating but lowering the price target.
The drop in Blink Charging's stock price is directly related to the Q4 financial results, which likely did not meet investor expectations. Although Roth MKM maintained a Buy rating, the significant reduction in the price target from $25 to $12 could further influence investor sentiment negatively in the short term, as it suggests a recalibration of the stock's future value potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100