Barrington Research Maintains Outperform on VerifyMe, Lowers Price Target to $1.7
Portfolio Pulse from Benzinga Newsdesk
Barrington Research analyst Michael Petusky maintains an Outperform rating on VerifyMe (NASDAQ:VRME) but lowers the price target from $2 to $1.7.
May 24, 2024 | 1:18 pm
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NEUTRAL IMPACT
Barrington Research maintains an Outperform rating on VerifyMe (NASDAQ:VRME) but lowers the price target from $2 to $1.7. This indicates continued confidence in the company's performance despite a slight reduction in expected value.
The Outperform rating suggests that the analyst still sees potential in VerifyMe's stock, but the lowered price target indicates a more conservative outlook on its short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100