B. Riley Securities Maintains Buy on Bitcoin Depot, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Harold Goetsch has maintained a Buy rating on Bitcoin Depot (NASDAQ:BTM) but lowered the price target from $6 to $4.
March 26, 2024 | 2:34 pm
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NEGATIVE IMPACT
Bitcoin Depot's Buy rating is maintained by B. Riley Securities, but the price target is reduced from $6 to $4.
The reduction in the price target from $6 to $4 by a reputable analyst firm like B. Riley Securities could lead to a negative short-term sentiment among investors, potentially causing a decrease in Bitcoin Depot's stock price. The maintenance of a Buy rating suggests underlying confidence in the company's fundamentals, but the lowered price target is a significant factor that could influence investor perception and stock performance in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100