Lake Street Downgrades Cardlytics to Hold, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Jacob Stephan has downgraded Cardlytics (NASDAQ:CDLX) from Buy to Hold and significantly lowered the price target from $18 to $5.
August 08, 2024 | 12:32 pm
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NEGATIVE IMPACT
Lake Street analyst Jacob Stephan downgraded Cardlytics from Buy to Hold and reduced the price target from $18 to $5.
The downgrade from Buy to Hold and the significant reduction in the price target from $18 to $5 by a reputable analyst is likely to negatively impact investor sentiment and the stock price of Cardlytics in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100