Expert Outlook: Clearfield Through The Eyes Of 4 Analysts
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Clearfield (NASDAQ:CLFD) over the past quarter, with a majority being bullish. The average 12-month price target has increased slightly to $41.75. Despite positive analyst sentiment, Clearfield faces significant financial challenges, including declining revenue and below-average profitability metrics.

May 16, 2024 | 12:01 pm
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Clearfield (NASDAQ:CLFD) has received mixed ratings from analysts, with a majority being bullish. The average 12-month price target has increased to $41.75. However, the company faces significant financial challenges, including a 48.6% decline in revenue and below-average profitability metrics.
While the majority of analysts are bullish on Clearfield and have raised the average price target, the company's significant financial challenges, including a sharp decline in revenue and poor profitability metrics, create a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100