Citigroup Maintains Neutral on Thoughtworks Holding, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar maintains a Neutral rating on Thoughtworks Holding (TWKS) and lowers the price target from $2.75 to $2.5.

April 22, 2024 | 5:06 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Thoughtworks Holding and reduces the price target to $2.5.
The adjustment in price target by Citigroup reflects a cautious but not pessimistic view on TWKS. The reduction is minor, suggesting adjustments in valuation rather than a fundamental change in the company's outlook. This is likely to have a neutral short-term impact on the stock as the market absorbs the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100