Benchmark Maintains Buy on Direct Digital Holdings, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Daniel Kurnos maintains a Buy rating on Direct Digital Holdings (NASDAQ:DRCT) but lowers the price target from $30 to $23.
March 27, 2024 | 12:38 pm
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Benchmark analyst Daniel Kurnos maintains a Buy rating on Direct Digital Holdings but lowers the price target from $30 to $23.
While the maintenance of a Buy rating indicates continued confidence in the company's fundamentals, the reduction in the price target could suggest a reassessment of the company's near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100