Alliance Global Partners lowered the firm’s price target on DarioHealth to $2.50 from $4.10 and keeps a Buy rating on the shares as the firm is adjusting its model based on Q3 results and the company’s implied 2024 guidance. Despite the reduced price target, the firm believes DarioHealth shares “offer a significantly favorable risk-return trade-off,” says the analyst, who notes that although the firm lowered its revenue estimate “meaningfully,” it now forecasts better bottomline results for 2024.
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