Surf Air Mobility shares are trading lower after the company reported worse-than-expected Q1 2024 GAAP EPS results. Also, Canaccord Genuity downgraded from Buy to Hold and lowered its price target from $2.5 to $1.
Portfolio Pulse from Benzinga Newsdesk
Surf Air Mobility shares are trading lower after the company reported worse-than-expected Q1 2024 GAAP EPS results. Additionally, Canaccord Genuity downgraded the stock from Buy to Hold and lowered its price target from $2.5 to $1.
May 15, 2024 | 4:28 pm
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Surf Air Mobility shares are trading lower due to worse-than-expected Q1 2024 GAAP EPS results. Canaccord Genuity downgraded the stock from Buy to Hold and reduced its price target from $2.5 to $1.
The combination of disappointing earnings and a downgrade from a reputable analyst firm is likely to negatively impact investor sentiment and drive the stock price lower in the short term.
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