Roth MKM Maintains Buy on Indie Semiconductor, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a Buy rating on Indie Semiconductor (NASDAQ:INDI) but lowers the price target from $10 to $7.
August 09, 2024 | 2:30 pm
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NEUTRAL IMPACT
Roth MKM analyst Suji Desilva maintains a Buy rating on Indie Semiconductor but lowers the price target from $10 to $7.
The maintained Buy rating suggests continued confidence in the company's prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100