JP Morgan Maintains Neutral on Clearwater Analytics Hldg, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Alexei Gogolev maintains a Neutral rating on Clearwater Analytics Holdings (CWAN) and lowers the price target from $22 to $20.

May 02, 2024 | 4:14 pm
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NEGATIVE IMPACT
JP Morgan analyst Alexei Gogolev maintains a Neutral rating on Clearwater Analytics Holdings and lowers the price target from $22 to $20.
The reduction in price target by JP Morgan, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in CWAN's stock price. The maintenance of a Neutral rating indicates that the analyst does not see significant upside or downside from the current price level, but the lowered price target suggests a recalibration of expected performance, which could be interpreted negatively by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100