Citigroup Maintains Buy on Amdocs, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar maintains a Buy rating on Amdocs (NASDAQ:DOX) but lowers the price target from $105 to $100.
May 09, 2024 | 5:49 pm
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Citigroup maintains a Buy rating on Amdocs but lowers the price target from $105 to $100.
While the reduction in price target could suggest a slightly less optimistic outlook on Amdocs' future stock price performance, the maintenance of a Buy rating indicates Citigroup's continued positive view on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on Amdocs' stock price as investors weigh the lowered price target against the sustained Buy rating.
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