Canaccord Genuity Maintains Buy on DocGo, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Richard Close maintains a Buy rating on DocGo (NASDAQ:DCGO) but lowers the price target from $10 to $9.

April 11, 2024 | 11:33 am
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on DocGo but lowers the price target from $10 to $9.
The adjustment in price target by Canaccord Genuity reflects a nuanced view on DocGo's valuation. While the Buy rating indicates continued confidence in the company's fundamentals and growth prospects, the reduction in price target suggests a recalibration of expectations possibly due to market conditions or company-specific factors. This could lead to a neutral short-term impact on the stock as investors digest the implications of a lower price target against the backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100