Stifel Maintains Buy on DocGo, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst David Grossman maintains a Buy rating on DocGo (NASDAQ:DCGO) but lowers the price target from $11 to $8.

April 10, 2024 | 12:39 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on DocGo but lowers the price target from $11 to $8.
While the reduction in price target from $11 to $8 by Stifel indicates a downward adjustment in the expected stock price, the maintenance of a Buy rating suggests continued confidence in the company's fundamentals and potential for growth. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests both the positive and negative aspects of the analyst's outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100