HC Wainwright & Co. Maintains Buy on Bitcoin Depot, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mike Colonnese maintains a Buy rating on Bitcoin Depot (NASDAQ:BTM) but lowers the price target from $4 to $3.5.
August 15, 2024 | 9:50 am
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HC Wainwright & Co. analyst Mike Colonnese maintains a Buy rating on Bitcoin Depot but lowers the price target from $4 to $3.5.
The Buy rating suggests continued confidence in Bitcoin Depot's long-term prospects, 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