DA Davidson Downgrades SmartRent to Neutral, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
DA Davidson has downgraded SmartRent (NYSE:SMRT) from Buy to Neutral and lowered the price target from $3.25 to $2.
July 31, 2024 | 10:28 am
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DA Davidson has downgraded SmartRent from Buy to Neutral and lowered the price target from $3.25 to $2, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Neutral and the significant reduction in the price target suggest that the analyst has a less optimistic view on SmartRent's future performance. This is likely to negatively impact the stock price in the short term as investors react to the revised outlook.
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