Ascendiant Capital Maintains Buy on Banzai International, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Ascendiant Capital has maintained a Buy rating on Banzai International but lowered its price target from $3.25 to $2.5.
August 29, 2024 | 9:51 am
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Ascendiant Capital has maintained its Buy rating on Banzai International but reduced the price target from $3.25 to $2.5, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Banzai International's potential, but the lowered price target indicates a more cautious outlook, likely due to revised expectations or market conditions. This could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100