Oppenheimer Maintains Outperform on Freightos, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Jason Helfstein maintains an Outperform rating on Freightos (NASDAQ:CRGO) but lowers the price target from $4.5 to $3.5.
August 21, 2024 | 3:41 pm
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Oppenheimer has maintained its Outperform rating on Freightos but has lowered the price target from $4.5 to $3.5, indicating a more cautious outlook.
The maintenance of an Outperform rating suggests continued confidence in Freightos' potential, but the lowered price target reflects a more cautious outlook on its short-term performance. This could lead to a negative short-term impact on the stock price as investors adjust expectations.
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