Mizuho Maintains Buy on Enphase Energy, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Maheep Mandloi has maintained a Buy rating on Enphase Energy (ENPH) but lowered the price target from $150 to $148.
April 19, 2024 | 5:27 pm
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Mizuho maintains a Buy rating on Enphase Energy but lowers the price target from $150 to $148.
The adjustment in price target by Mizuho reflects a slight change in valuation perspective, possibly due to market conditions or company performance insights. However, maintaining a Buy rating indicates a positive outlook on the company's fundamentals. The minor reduction in price target is unlikely to have a significant short-term impact on the stock price, but it signals a cautious optimism from the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90