Chardan downgraded Allurion Technologies (ALUR) to Neutral from Buy with a price target that is under review after business execution that the firm says “has now been disappointing for the past 4 quarters.” The company reported Q3 revenue of $5.4M and further lowered its FY24 revenue guidance to between $30M-$35M, the analyst noted.
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Read More on ALUR:
- Allurion Technologies Reports Q3 2024 Financial Performance
- Allurion Technologies CFO Resigns, CEO Steps In
- Allurion Technologies announces 50% reduction in workforce, operating expenses
- Allurion Technologies reports Q3 EPS (14c), consensus (18c)
- Allurion Technologies sees FY24 revenue $30M-$35M, consensus $39.92M