B. Riley Securities Upgrades Crexendo to Buy, Lowers Price Target to $5.75
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Josh Nichols upgraded Crexendo (NASDAQ:CXDO) from Neutral to Buy, while also lowering the price target from $6.75 to $5.75.
May 08, 2024 | 12:20 pm
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Crexendo was upgraded from Neutral to Buy by B. Riley Securities, though the price target was reduced from $6.75 to $5.75.
The upgrade to Buy suggests a positive outlook on Crexendo's stock by the analyst, indicating a potential for stock price appreciation in the short term. However, the reduction in the price target might temper expectations slightly, reflecting a cautious optimism.
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