JMP Securities Maintains Market Outperform on Mondee Hldgs, Lowers Price Target to $4.25
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones has maintained a Market Outperform rating on Mondee Hldgs (NASDAQ:MOND) but lowered the price target from $7 to $4.25.
April 02, 2024 | 6:10 pm
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NEGATIVE IMPACT
JMP Securities maintains a Market Outperform rating on Mondee Hldgs but lowers the price target from $7 to $4.25.
The reduction in price target by JMP Securities, despite maintaining a positive Market Outperform rating, could lead to short-term negative sentiment among investors. This adjustment reflects a lowered expectation for the stock's performance, potentially influencing its market price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100