Needham Reiterates Buy on ACV Auctions, Maintains $23 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Chris Pierce reiterates a Buy rating on ACV Auctions (NASDAQ:ACVA) and maintains a $23 price target.
June 03, 2024 | 10:23 am
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Needham analyst Chris Pierce has reiterated a Buy rating on ACV Auctions and maintained a $23 price target, indicating continued confidence in the company's performance.
The reiteration of a Buy rating and the maintenance of a $23 price target by a reputable analyst suggests strong confidence in ACV Auctions' future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100