JMP Securities analyst Andrew Boone lowered the firm’s price target on Rover Group to $6 from $8 and keeps an Outperform rating on the shares. The analyst is citing his data model suggesting that bookings will be in line with his unchanged estimates. Boone adds that travel demand has slowed in the second half of 2022, driving his "more conservative" position on estimates next year given macro concerns.
Published first on TheFly
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