Maxim Group Maintains Buy on SEALSQ, Lowers Price Target to $1.75
Portfolio Pulse from Benzinga Newsdesk
Maxim Group analyst Matthew Galinko maintains a Buy rating on SEALSQ (NASDAQ:LAES) but lowers the price target from $2.25 to $1.75.

September 27, 2024 | 6:19 pm
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Maxim Group's analyst Matthew Galinko has maintained a Buy rating on SEALSQ but has lowered the price target from $2.25 to $1.75, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in SEALSQ's potential, but the lowered price target indicates a more cautious outlook, likely due to revised expectations or market conditions. This could lead to a short-term negative impact on the stock price as investors adjust to the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100