Chardan Capital Maintains Buy on Allurion Technologies, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Chardan Capital has maintained a Buy rating on Allurion Technologies but has lowered the price target from $5 to $2.5.
August 22, 2024 | 12:09 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Chardan Capital has maintained a Buy rating on Allurion Technologies but has significantly lowered the price target from $5 to $2.5, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in the company's potential, but the halving of the price target indicates concerns about future performance or market conditions. This mixed signal could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100