UBS Maintains Neutral on Marketwise, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Alex Kramm has maintained a Neutral rating on Marketwise (NASDAQ:MKTW) and lowered the price target from $3.5 to $2.
March 28, 2024 | 2:30 pm
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NEGATIVE IMPACT
UBS analyst Alex Kramm maintains a Neutral rating on Marketwise but lowers the price target from $3.5 to $2.
The reduction in price target by a significant margin from $3.5 to $2 by a reputable analyst like Alex Kramm of UBS is likely to negatively impact investor sentiment towards Marketwise in the short term. Although the rating remains Neutral, the lowered price target suggests a downward revision in the expected performance or valuation of the company, which could lead to a decrease in stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100