Ascendiant Capital Maintains Buy on Jakks Pacific, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Ascendiant Capital analyst Edward Woo maintains a Buy rating on Jakks Pacific (JAKK) but lowers the price target from $41 to $38.

April 01, 2024 | 9:48 am
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NEUTRAL IMPACT
Ascendiant Capital maintains a Buy rating on Jakks Pacific but lowers the price target from $41 to $38.
While the reduction in the price target from $41 to $38 by Ascendiant Capital could suggest a slight adjustment in valuation expectations, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal could lead to a neutral short-term impact on the stock price, as investors weigh the lowered price target against the reaffirmed positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100