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Piper Sandler Downgrades ON24 (ONTF) to Hold

In a report released today, Brent Bracelin from Piper Sandler downgraded ON24 (ONTFResearch Report) to Hold, with a price target of $17.00. The company’s shares closed last Monday at $15.60, close to its 52-week low of $14.03.

According to TipRanks.com, Bracelin is a 5-star analyst with an average return of 21.7% and a 58.4% success rate. Bracelin covers the Technology sector, focusing on stocks such as Qualtrics International, ZoomInfo Technologies, and BigCommerce Holdings.

Currently, the analyst consensus on ON24 is a Moderate Buy with an average price target of $20.00, implying a 32.2% upside from current levels. In a report released today, Robert W. Baird also downgraded the stock to Hold with a $18.00 price target.

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The company has a one-year high of $64.50 and a one-year low of $14.03. Currently, ON24 has an average volume of 418.5K.

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ON24 Inc provides a cloud-based digital experience platform that enables businesses to convert customer engagement into revenue through interactive webinar experiences, virtual event experiences, and multimedia content experiences. The company derives revenue from subscription agreements with customers for accessing the platform and related services.

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