Citigroup Maintains Neutral on Ziff Davis, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ygal Arounian has maintained a Neutral rating on Ziff Davis (NASDAQ:ZD) and lowered the price target from $74 to $62.
May 10, 2024 | 9:41 pm
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Citigroup's adjustment of Ziff Davis's price target from $74 to $62 while maintaining a Neutral rating could signal a cautious outlook on the company's near-term growth prospects.
The reduction in price target by a major financial institution like Citigroup, despite maintaining a neutral stance, suggests a recalibration of expectations towards Ziff Davis's future performance. This could lead to short-term negative sentiment among investors, potentially impacting the stock's price negatively.
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IMPORTANCE 75
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