Markforged price target lowered to $3 from $5 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Markforged to $3 from $5 and keeps a Hold rating on the shares following the company’s 1 for 10 reverse stock split, and this week’s settlement and patent license agreement with Continuous Composites. While the stock has seen a relief rally in recent days, the firm is looking for improved operating results and end market demand before getting more bullish on shares.