Caijie's performance guidance is lower than expected and has been lowered by Bank of America's target price
yoda
发表于 2024-5-28 11:40:42
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Caijie, a US financial and tax software giant, fell more than 9% during trading, with its stock price hitting a new low since April 19th. It is expected that revenue will increase by approximately 13% -14% in the fourth fiscal quarter. After the performance announcement, several major banks released research reports on it: Barclays Bank: maintains its target price of $745 and maintains a buy rating; Citigroup: Maintain target price of $744 and maintain buy rating; Bank of America: Lowered its target price from $760 to $730, maintaining a buy rating; Goldman Sachs: Raised target price from $690 to $705, maintaining a buy rating.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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