Mizuho Maintains Buy on SolarEdge Technologies, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Maheep Mandloi has maintained a Buy rating on SolarEdge Technologies (NASDAQ:SEDG) but lowered the price target from $106 to $104.
April 19, 2024 | 5:35 pm
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NEUTRAL IMPACT
Mizuho has maintained a Buy rating on SolarEdge Technologies but reduced the price target from $106 to $104.
The adjustment in price target by Mizuho reflects a slight recalibration of expectations for SolarEdge Technologies, likely due to market conditions or company performance insights. While the reduction is minimal, it suggests a cautious optimism. The maintenance of a Buy rating indicates a positive outlook on the company's fundamentals. This could lead to a neutral short-term impact on the stock as the market absorbs the minor adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100