Cantor Fitzgerald Downgrades Markforged Holding to Neutral, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald has downgraded Markforged Holding from Overweight to Neutral and reduced its price target from $8.5 to $5.

September 26, 2024 | 5:12 pm
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NEGATIVE IMPACT
Cantor Fitzgerald downgraded Markforged Holding from Overweight to Neutral and lowered the price target from $8.5 to $5, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral by a reputable analyst firm like Cantor Fitzgerald suggests a less favorable view on Markforged's future performance. The significant reduction in the price target from $8.5 to $5 indicates lowered expectations for the company's stock price, likely leading to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100