Needham Downgrades Cardlytics to Hold
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Kyle Peterson has downgraded Cardlytics (NASDAQ:CDLX) from Buy to Hold.

August 08, 2024 | 12:58 pm
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NEGATIVE IMPACT
Needham analyst Kyle Peterson has downgraded Cardlytics from Buy to Hold, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Hold by a reputable analyst suggests a less favorable view on Cardlytics' short-term performance, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100