Sidoti & Co. Downgrades OneSpan to Neutral, Announces $12 Price Target
Portfolio Pulse from Benzinga Newsdesk
Sidoti & Co. analyst Anja Soderstrom downgraded OneSpan (NASDAQ:OSPN) from Buy to Neutral and set a price target of $12.
April 02, 2024 | 6:24 pm
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OneSpan was downgraded from Buy to Neutral by Sidoti & Co., with a new price target of $12.
The downgrade from Buy to Neutral by a reputable analyst firm like Sidoti & Co. typically indicates a less optimistic outlook on the stock's future performance. This could lead to a decrease in investor confidence and potentially a short-term decline in the stock price. The setting of a price target at $12 also provides a specific expectation for the stock's value, which may influence trading behavior.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100