Morgan Stanley Maintains Equal-Weight on Sharecare, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Craig Hettenbach has maintained an Equal-Weight rating on Sharecare (NASDAQ:SHCR) and lowered the price target from $1.5 to $1.
April 15, 2024 | 4:51 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight on Sharecare, with a reduced price target from $1.5 to $1.
The reduction in price target by a significant financial institution like Morgan Stanley suggests a bearish outlook on Sharecare's short-term price potential. This adjustment reflects analyst expectations of lower future performance or valuation, which could lead to decreased investor confidence and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100