HC Wainwright & Co. Maintains Buy on Sphere 3D, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Sphere 3D (NASDAQ:ANY) but lowered the price target from $4 to $3.

August 19, 2024 | 6:04 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
HC Wainwright & Co. has maintained a Buy rating on Sphere 3D but reduced the price target from $4 to $3, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Sphere 3D's potential, but the lowered price target indicates a more cautious outlook, likely due to revised expectations or market conditions. This could lead to a short-term negative impact on the stock price as investors adjust to the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100