Canaccord Genuity Maintains Buy on Alarum Technologies, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Buy rating on Alarum Technologies but lowered the price target from $42 to $28.
August 27, 2024 | 1:13 pm
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Canaccord Genuity has maintained a Buy rating on Alarum Technologies but lowered the price target from $42 to $28.
The maintenance of a Buy rating suggests continued confidence in Alarum Technologies' potential, but the lowered price target indicates a reassessment of its short-term valuation. This could lead to a negative short-term impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100