Roth MKM Maintains Neutral on SolarEdge Technologies, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen has maintained a Neutral rating on SolarEdge Technologies (NASDAQ:SEDG) and reduced the price target from $60 to $55.
May 09, 2024 | 1:22 pm
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NEGATIVE IMPACT
SolarEdge Technologies' price target was lowered from $60 to $55 by Roth MKM, while maintaining a Neutral rating.
A reduction in the price target by an analyst, especially from a reputable firm like Roth MKM, can lead to negative investor sentiment in the short term. Although the rating remains Neutral, the lowered price target suggests a downward revision in the expected performance of SolarEdge Technologies, which could impact its stock price negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100