Ascendiant Capital Maintains Buy on Surgepays, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Ascendiant Capital analyst Edward Woo maintains a Buy rating on Surgepays (NASDAQ:SURG) but lowers the price target from $11.5 to $10.
April 01, 2024 | 9:42 am
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NEUTRAL IMPACT
Ascendiant Capital maintains a Buy rating on Surgepays but lowers the price target from $11.5 to $10.
While the Buy rating suggests continued confidence in Surgepays' potential, the reduction in the price target may reflect adjustments in valuation expectations or market conditions. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100