Barclays Maintains Underweight on Ubiquiti, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long maintains an Underweight rating on Ubiquiti (NYSE:UI) and lowers the price target from $108 to $104.
August 27, 2024 | 2:20 pm
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Barclays analyst Tim Long has maintained an Underweight rating on Ubiquiti and reduced the price target from $108 to $104, indicating a bearish outlook.
The reduction in price target from $108 to $104 by Barclays suggests a negative outlook on Ubiquiti's stock performance. Maintaining an Underweight rating further indicates a lack of confidence in the stock's short-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100