Roth MKM Maintains Buy on Cambium Networks, Lowers Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Scott Searle maintains a Buy rating on Cambium Networks (CMBM) but lowers the price target from $9.75 to $8.5.

May 10, 2024 | 2:28 pm
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NEUTRAL IMPACT
Roth MKM analyst Scott Searle maintains a Buy rating on Cambium Networks but lowers the price target from $9.75 to $8.5, indicating a positive outlook with a slightly reduced valuation expectation.
The maintenance of a Buy rating by Roth MKM suggests a positive outlook on Cambium Networks' stock, indicating confidence in the company's future performance. However, the reduction in the price target from $9.75 to $8.5 may reflect a cautious stance towards the company's valuation, possibly due to revised earnings expectations or market conditions. This adjustment is likely to have a neutral to slightly negative short-term impact on the stock price as it reflects a mix of continued endorsement of the company's prospects with a tempered valuation outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100