Oppenheimer Maintains Outperform on Consensus Cloud Solns, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ian Zaffino maintains an Outperform rating on Consensus Cloud Solutions (NASDAQ:CCSI) but lowers the price target from $29 to $20.

May 09, 2024 | 4:55 pm
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NEUTRAL IMPACT
Oppenheimer maintains an Outperform rating on Consensus Cloud Solutions but lowers the price target from $29 to $20.
While the maintenance of an Outperform rating suggests continued confidence in the company's performance, the reduction in the price target could indicate a reassessment of the company's future growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100