Gaia price target lowered to $6 from $7 at Lake Street

Lake Street lowered the firm’s price target on Gaia to $6 from $7 and keeps a Buy rating on the shares after the company reported Q3 revenue and AEBTIDA that were “slightly below” estimates. Investors may wait to see consistent cash generation in the coming quarters, but “the early results are encouraging,” the analyst said in a post-earnings note.