JMP Securities Maintains Market Outperform on ACV Auctions, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones has maintained a Market Outperform rating on ACV Auctions and raised the price target from $21 to $24.
September 17, 2024 | 4:05 pm
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POSITIVE IMPACT
JMP Securities has increased the price target for ACV Auctions from $21 to $24, maintaining a Market Outperform rating. This suggests confidence in ACV Auctions' future performance.
The increase in price target from $21 to $24 by JMP Securities indicates a positive outlook on ACV Auctions' future performance. The Market Outperform rating suggests that the analyst expects the stock to perform better than the market average, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100