JMP Securities Maintains Market Outperform on Inspired Entertainment, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Jordan Bender has maintained a Market Outperform rating on Inspired Entertainment (NASDAQ:INSE) but lowered the price target from $15 to $14.
May 13, 2024 | 1:40 pm
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NEUTRAL IMPACT
Inspired Entertainment's Market Outperform rating is maintained by JMP Securities, though the price target is reduced from $15 to $14.
The maintenance of a Market Outperform rating suggests a positive outlook on INSE by JMP Securities, indicating confidence in the company's future performance. However, the reduction in the price target from $15 to $14 could signal a slight adjustment in expectations regarding the company's valuation or growth prospects. This mixed signal might lead to a neutral short-term impact on INSE's stock price as investors digest both the continued endorsement and the tempered valuation expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100