Needham Maintains Buy on Alphatec Holdings, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Needham analyst David Saxon maintains a Buy rating on Alphatec Holdings (NASDAQ:ATEC) but lowers the price target from $23 to $13.
August 22, 2024 | 9:31 am
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Needham analyst David Saxon maintains a Buy rating on Alphatec Holdings but lowers the price target from $23 to $13, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in ATEC's potential, but the lowered price target indicates a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100