Benchmark Maintains Buy on Ideal Power, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst David Williams maintains a Buy rating on Ideal Power (NASDAQ:IPWR) but lowers the price target from $18 to $14.

March 27, 2024 | 12:52 pm
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Benchmark analyst David Williams maintains a Buy rating on Ideal Power but lowers the price target from $18 to $14.
While the maintenance of a Buy rating by Benchmark analyst David Williams indicates continued confidence in Ideal Power's potential, the reduction in the price target from $18 to $14 suggests a tempered outlook on the stock's short-term price performance. This adjustment could lead to mixed reactions in the market, with the positive sentiment from the Buy rating potentially offset by concerns over the lowered price target.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100