Craig-Hallum Maintains Buy on Identiv, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Anthony Stoss maintains a Buy rating on Identiv (NASDAQ:INVE) but lowers the price target from $9 to $8.

May 09, 2024 | 3:40 pm
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NEUTRAL IMPACT
Identiv's Buy rating is maintained by Craig-Hallum, though the price target is reduced from $9 to $8.
While the maintenance of a Buy rating suggests continued confidence in Identiv's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term price stability as investors digest the implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100