Needham Maintains Buy on Clearfield, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on Clearfield (NASDAQ:CLFD) and raises the price target from $36 to $42.
May 03, 2024 | 11:08 am
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Needham analyst Ryan Koontz has reaffirmed a Buy rating on Clearfield and increased the price target from $36 to $42.
The increase in price target by a reputable analyst like Ryan Koontz suggests a strong confidence in Clearfield's future performance. This endorsement is likely to positively influence investor sentiment and could lead to a short-term increase in CLFD's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100