Canaccord Genuity Maintains Buy on Enphase Energy, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Austin Moeller has maintained a Buy rating on Enphase Energy (ENPH) but lowered the price target from $132 to $130.

April 24, 2024 | 12:46 pm
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Canaccord Genuity maintains a Buy rating on Enphase Energy, with a slight reduction in the price target from $132 to $130.
The adjustment in price target by Canaccord Genuity reflects a minor recalibration of expectations for Enphase Energy, rather than a significant change in the company's outlook. The maintenance of a Buy rating indicates continued analyst confidence in the company's performance. However, the slight decrease in the price target could be interpreted by the market in various ways, potentially leading to short-term price volatility. The overall impact is considered neutral as the reduction is minimal and does not significantly alter the investment thesis.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100