Citigroup Maintains Neutral on Thoughtworks Holding, Raises Price Target to $3.25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar has maintained a Neutral rating on Thoughtworks Holding (NASDAQ:TWKS) and increased the price target from $2.5 to $3.25.
May 08, 2024 | 7:42 pm
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Citigroup has maintained a Neutral rating on Thoughtworks Holding and raised the price target from $2.5 to $3.25.
The increase in price target by Citigroup reflects a positive adjustment in the valuation of Thoughtworks Holding, suggesting a potential upside from the previous target. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the positive price target adjustment with caution. This could lead to a modest positive short-term impact on the stock as investors adjust to the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100