Needham Maintains Buy on Pixelworks, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Pixelworks (NASDAQ:PXLW) but lowers the price target from $2.5 to $2.

August 08, 2024 | 11:54 am
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NEUTRAL IMPACT
Needham analyst Quinn Bolton maintains a Buy rating on Pixelworks but lowers the price target from $2.5 to $2.
The maintained Buy rating suggests continued confidence in Pixelworks' long-term potential, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100