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Cellebrite price target raised to $16 from $14 at Craig-Hallum

Craig-Hallum analyst Jeff Van Rhee raised the firm’s price target on Cellebrite to $16 from $14 and keeps a Buy rating on the shares following the company’s first analyst day. The firm says that for a first analyst day, the event and team were surprisingly crisp. Craig-Hallum continues to be impressed by the caliber of the talent and depth of bench.

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