Phunware shares are trading higher after HC Wainwright & Co. maintained a Buy rating on the stock and raised its price target from $7 to $9.
Portfolio Pulse from Benzinga Newsdesk
Phunware shares rose after HC Wainwright & Co. maintained a Buy rating and increased the price target from $7 to $9.
October 17, 2024 | 12:30 pm
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POSITIVE IMPACT
Phunware shares increased following HC Wainwright & Co.'s decision to maintain a Buy rating and raise the price target from $7 to $9.
The increase in price target and maintained Buy rating by a reputable firm like HC Wainwright & Co. is likely to boost investor confidence, leading to a positive short-term impact on Phunware's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100