Schrodinger price target lowered to $33 from $38 at KeyBanc

KeyBanc analyst Scott Schoenhaus lowered the firm’s price target on Schrodinger to $33 from $38 and keeps an Overweight rating on the shares. The firm notes Schrodinger posted strong Q4 software results. That said, the company guided to full-year software revenue growth of 6%-13%, which was under consensus expectations of 17% growth, with Q1 software revenue guidance of $34M also coming in under current consensus of $38M.