Craig-Hallum Maintains Hold on Desktop Metal, Adjusts Target to $4 from $10 (1-for-10 reverse stock split)
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum has maintained its Hold rating on Desktop Metal (NYSE:DM) but has adjusted the target price from $10 to $4 following a 1-for-10 reverse stock split.
July 01, 2024 | 4:43 pm
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Craig-Hallum has maintained its Hold rating on Desktop Metal but has adjusted the target price from $10 to $4 following a 1-for-10 reverse stock split.
The adjustment of the target price from $10 to $4 following a reverse stock split indicates a less optimistic outlook from the analyst. This could lead to a negative short-term impact on the stock price as investors may perceive the new target as a sign of reduced growth potential.
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IMPORTANCE 80
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