RBC Capital Maintains Outperform on Enphase Energy, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos maintained an Outperform rating on Enphase Energy (ENPH) but lowered the price target from $140 to $130.
April 24, 2024 | 4:21 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Enphase Energy but lowers the price target from $140 to $130.
The adjustment in price target by RBC Capital reflects a nuanced view on Enphase Energy's future performance. While the Outperform rating indicates continued confidence in the company's prospects, the reduction in price target suggests a recalibration of expectations, possibly due to market conditions or company-specific factors. This could lead to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100