Craig-Hallum Maintains Hold on Digimarc, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jeff Van Rhee maintains a Hold rating on Digimarc (NASDAQ:DMRC) and lowers the price target from $35 to $28.

May 03, 2024 | 4:52 pm
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Craig-Hallum analyst Jeff Van Rhee maintains a Hold rating on Digimarc and lowers the price target from $35 to $28.
The reduction in price target by Craig-Hallum could lead to a negative short-term sentiment among investors, potentially causing a decrease in Digimarc's stock price. The Hold rating suggests that the analyst sees limited upside or downside potential from the current price level, but the lowered price target indicates a revised expectation of the stock's future performance, which could be interpreted negatively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100